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WASHINGTON, July 19, 2021 /PRNewswire/ —Â Expectations for full-year 2021 real GDP growth at 7.0 percent were little changed from the previous outlook, but meaningful compositional and temporal shifts are now projected for the underlying sources of economic growth, according to the July 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. Modestly weaker-than-expected consumer and construction spending data and an updated federal spending timeline from the Congressional Budget Office led the ESR Group to update its forecast to reflect a larger share of 2021 economic growth occurring in the second half of the year.
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