Fannie Mae. Fannie Mae revises economic forecast downward for next two years. houstonchronicle.com – R.A. Schuetz. Fannie Mae has downgraded its economic forecast for 2019 and 2020. The mortgage finance company lowered its predictions for economic growth to 2.1.
February 22, 2019. Fannie Mae expects GDP growth of 2.2% this year, down from 3.1% in 2018. The GSE’s Economic and Strategic Research Group is also predicting just one hike by the Federal Reserve to the federal funds rate during 2019.
According to the company’s Economic and Strategic Group, full year GDP growth is predicted to slow to 2.3% in 2019, which is down from 2018’s projected 3.1%. Fannie Mae attributes this. downside.
Fannie Mae’s monthly Economic Development papers always. weaknesses and have upgraded their third quarter growth outlook. They now expect full-year 2018 growth of 3.0 percent, compared with 2.8.
Fannie Mae has revised its economic forecast downward. Trade tensions are causing uncertainty for investors and driving mortgage rates downward. NEXT: Most expensive homes sold in Houston May 2019.
Fannie Mae downgraded its forecast for U.S. economic growth, citing a "ratcheting up of trade tensions," and said 2020 will see the worst economy in more than a decade. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the worst performance since a 2.5% contraction in 2009, according to data from the Bureau of Economic Analysis .
Economy Watch Weekly: US Economic Growth to Slow in 2019 Fannie Mae’s Economic and Strategic Research Group recently revised down its forecast for U.S. economic growth in 2019 and beyond.
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WASHINGTON, Feb. 21, 2019 /PRNewswire/ — The Fannie Mae Economic and Strategic Research (ESR) Group in its February forecast update is maintaining its prediction for 2.2 percent full-year growth.
Fannie mae receives top honors for Most Accurate Forecast. In 2016, Fannie Mae’s Economic & Strategic Research Group won the NABE Outlook Award presented annually for the most accurate GDP and Treasury note yield forecasts.
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Fannie Mae has revised its economic forecast downward. Trade tensions are causing uncertainty for investors and driving mortgage rates downward. NEXT: Most expensive homes sold in Houston May 2019
The company is holding fast to its earlier forecast for economic. was down slightly in december. fannie mae says however that they still expect the Fed to raise its funds rate in March and that.