Fannie Mae: Consumer spending growth to pick up in Q2

2018 Growth Outlook Upgraded on Q2 Growth Spike – WASHINGTON, July 17, 2018 /PRNewswire/ — Economic growth. said Fannie Mae Chief Economist Doug Duncan. "Along with ongoing tightening of monetary policy, we expect fiscal stimulus, which has.

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Fannie Mae increased its full-year economic growth forecast by 10% from its estimate last month to 3.1% for 2018. During the third quarter, economic growth came in at 3.5% annualized rate, down from the 4.2% growth in the second quarter.

WASHINGTON, June 18, 2018 /PRNewswire/ — Despite a slowdown in the first quarter, economic growth is forecasted to pick up through the remainder of 2018, resulting in full-year real GDP growth of 2.7.

“While second quarter growth is poised to rebound, we expect growth to moderate through the remainder of 2017,” says Doug Duncan, chief economist with Fannie Mae. “Consumer spending. 2.7% on.

With gas prices also on the rise, headline inflation is expected to pick up, stifling consumer spending and possibly affecting consumer attitudes for the rest of the year. Given this scenario, Fannie Mae is setting growth expectations to 1.8 percent, a slight increase.

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Fannie Mae’s Economic and Strategic Research Group (ESR) focused on the new Tax Cuts and Jobs Act, passed late last year, in its January Economic Developments report. Like most other economists.

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Fannie Mae’s Economic and Strategic. the ESR Group’s economic forecast predicts a growth of 2.2 percent in 2017, up from the previous estimate of 2 percent, due to greater strength in consumer.

Business equipment sales drive better economic forecast. –  · Consumer demand and investment spending growth are expected to pick up in the current quarter, although inventory investment is slowing. Business equipment investment grew at its fastest pace in three years during the third quarter, hastened in part by a flurry of deregulation activity, a declining dollar, and strengthening economic growth abroad.

KEYWORDS Consumer spending Economic and Housing outlook economic growth fannie mae fannie Mae held its growth expectations at 2% for the year despite the slowdown in the first quarter, according to.

recent indicators suggest the economy is poised for a pick-up in growth in the second quarter of 2014, according to Fannie Mae’s FNMA, +2.99% Economic & Strategic Research Group. March data revealed.