What factors are affecting the GDP now?

It's the result of fiscal and monetary stimulus on steroids. Merchants ordered far more goods than they could possibly sell. It's that chart that explains the plunge in the baseline GDPNow forecast from +0.7 percent to -2.1 percent. A strong April retail sales report kept RFS in positive territory.

What is the current GDP?

Current dollar GDP increased 14.6 percent at an annual rate, or $806.2 billion, in the fourth quarter to a level of $24.01 trillion. In the third quarter, GDP increased 8.4 percent, or $461.3 billion (table 1 and table 3). More information on the source data that underlie the estimates is available in the "Key Source Data and Assumptions" file.

What is the current GDP growth rate?

U.S. gdp growth rate for 2019 was 2.29%, a 0.63% decline from 2018. U.S. gdp growth rate for 2018 was 2.92%, a 0.66% increase from 2017.

What is the GDPNow forecast?

The GDPNow model forecasts GDP growth by aggregating 13 subcomponents that make up GDP with the chain-weighting methodology used by the US Bureau of Economic Analysis. The Federal Reserve Bank of Atlanta's GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA).