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U.S. economy could be weaker in Q1 than previously thought, forecasters say -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Washington Federal Reserve building, U.S.A. January 26, 2022. REUTERS/Joshua Roberts/File Photo

(Reuters) – The U.S. economy may grow slower than expected in the first quarter, however, the Philadelphia Federal Reserve released Friday’s survey of forecasters. According to the survey, the unemployment rate could fall faster.

According to forecasters, the U.S. will see an increase of 1.8% in its first quarter this year, which is down from 3.9% predicted last November. The forecasters expect a modest increase in growth in the next year, but only 3.7% in the real gross domestic product, which is lower than the 3.9% projections in November.

Forecasters predict that inflation will stay stable over the long term. This is because they estimate that the price index for personal consumption expenditures (personal consumption expenditures) will be 2.2% annually over the next 10 years.

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