GDPNow falls from -1.8% to -2.8%

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1. It looks like the GDPNow model from the Federal Reserve Bank of Atlanta has revised its projection downward from -1.8% to -2.8%. This adjustment suggests a more pessimistic outlook for economic growth based on the latest data. Factors such as changes in consumer spending, business investments, or other economic indicators may have influenced this revision. It’s important to keep an eye on upcoming data releases and how they may further impact these projections. What do you think could be driving this shift in outlook?

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