REUTERS/Lucy Nicholson NEW YORK (Reuters) - US gross domestic product (GDP) will likely grow by 1.75% in December rather than the previously forecast 1.5% , according to a research note by REUTERS economist Michael Feroli on Q1 2019 . The forecast was revised down because orders of durable goods increased at a lower-than-expected rate in December , with core capital orders unexpectedly falling.
US gross domestic product (GDP) will likely grow by 1.75% in December rather than the previously forecast 1.5% , according to a research note by REUTERS economist Michael Feroli on Q1 2019 . The forecast was revised down because orders of durable goods increased at a lower-than-expected rate in December , with core capital orders unexpectedly falling.