April 29, 2019 / 3:20 PM / 5 months ago

Atlanta Fed sees U.S. second-quarter GDP growing at 1.3%

FILE PHOTO: Shipping containers are pictured at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California, U.S., January 30, 2019. REUTERS/Mike Blake/File Photo

NEW YORK (Reuters) - The U.S. economy is expanding at a 1.3% annualized rate in the second quarter after the government said on Friday domestic growth in the first quarter came in at 3.2%, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday.

The Atlanta Fed’s GDP program’s final estimate on gross domestic product in the first three months of 2019 was 2.7%.

Reporting by Richard Leong

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