Wood Markets News


Fannie Mae’s Economic and Strategic Research Group Downgrades Expectations for GDP Growth in Full-Year 2022 and 2023

Fannie Mae’s Economic and Strategic Research (ESR) Group announced on Wednesday that they were downgrading their expectations for full-year 2022 and 2023 real GDP growth. The ESR indicated that softening consumer spending and downward revision to business inventory investment data amid record inflation and higher interest rates were the cause for the downgrade.