The US economy in this year’s first quarter is expected to expand by 2.6% (real seasonally adjusted annual rate), according to The Capital Spectator’s median econometric nowcast. This is the initial estimate for the quarter that uses limited Q1 data and so the projection is a preliminary review that will be updated several times in the weeks ahead as new economic indicators are published and existing data are revised. The final nowcast for the quarter will be published shortly ahead of the official Q1:2014 GDP report. The US Bureau of Economic Analysis (BEA) is scheduled to release its “advance” Q1 estimate on April 30, 2014.
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