Thursday, June 1, 2023 | The Latest Buzz for the Appraisal Industry

Fannie Mae Downgrades Expectations with Constrained Economic Growth

Amid record inflation and higher interest rates, expectations for full-year 2022 and 2023 real GDP growth were downgraded in July due to softening consumer spending and a downward revision to business inventory investment data, according to the July 2022 commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group. The ESR Group forecasts real GDP will increase 0.1% in 2022 and decrease 0.4% in 2023, down from the previously predicted 1.2% increase and 0.1%

This post was originally published on this site