The GDPNow model last quarter went to great lengths to suggest the possibility of entering a technical recession. This has become a reality, although no one is talking about a "real" recession at this point. Now, the model indicates that we may be able to emerge from a technical recession as early as this quarter.
The model indicates real growth at 1.8%, which is, however, down from the previous 2.5%. This is due to a significant drop in the impact of private investment. On the other hand, there was an assessment of a higher impact of government spending.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appIt is worth mentioning that Q3 is a potential new wave of coronavirus, so growth in this period can be assessed very positively. On the other hand, there were very negative assessments as to Q3 in China.
Source: Fed Atlanta
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
