Atlanta Fed model forecasts nearly -3% GDP growth in first quarter of this year
The Atlanta Fed's GDPNow model had, up until the Feb. 28 update, been forecasting growth between 2-4% in line with most other models. A graph on the GDPNow page lists the "Blue Chip Consensus" average of the top 10 and bottom 10 forecasts at a slight tick more than 2% U.S. GDP growth for Q1 2025.
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The Atlanta branch of the Federal Reserve is now predicting that America’s GDP could decline by as much as 2.8 percent in the ...
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On February 28, the #GDPNow model nowcast of real GDP growth in Q1 2025 is -1.5%: https://t.co/T7FoDdgYos. #ATLFedResearch ...
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The Atlanta Fed GDP Now forecast for Q1 GDP growth has crashed from its initial estimate of nearly 4% growth to just 2.3%.
President Donald Trump received a red flag about the state of the U.S. economy just one day before his address to Congress. Newsweek reached out to the U.S. Treasury for comment via email.
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