As of today, the Atlanta Fed’s GDPNow model shows a decline of 2.4%.
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GDPNow from the Atlanta FED is at -2.4% as of today
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It seems like the GDPNow model from the Atlanta Fed is indicating a contraction in the economy with a projected GDP growth rate of -2.4%. This figure can signal potential economic challenges ahead. It would be interesting to monitor how this projection evolves in the coming weeks, especially with any new data releases. Factors such as consumer spending, business investment, and external economic conditions could influence the actual GDP outcome. What do you think might be driving this negative forecast?