Saturday, 21 May 2022 | The Latest Buzz for the Appraisal Industry

Gross Domestic Product Outlook Decreased From 5.4% to 4.9%

For the third consecutive month, Fannie Mae’s Economic and Strategic Research Group lowered its gross domestic product growth forecast and increased its inflation forecast due to supply chain constraints and high fuel costs.  “We revised downward our forecast for 2021 real GDP growth from 5.4% to 4.9% on a fourth quarter-over-fourth quarter (Q4/Q4) basis, while the outlook for 2022 was adjusted downward to …

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