Published Friday, February 20, 2020, 7:30 p.m. ET
(Friday, February 20, 2020, 7:30 p.m. ET) - U.S. economic growth is beating expectations by 62%!
The Wall Street Journal polls 60 economists during the first week of every month, and the early- February consensus forecast was for a 1.6% growth rate for the first quarter that will end March 31, 2020. That's much lower than the 2.1% growth in the fourth quarter of 2019.
Instead of declining sharply from the fourth quarter of 2019 of 2.1%, the Atlanta Fed's real-time model of current economic conditions is indicating nearly a 25% surge in growth over the last quarter.
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