Saturday, April 9, 2016

Economic growth falling fast as Atlanta Fed revises GDP estimates for 3rd time in less than a month

On April 8, the Atlanta Fed downgraded their Q1 GDP estimates for the second time in less than a week, and for the third time within the past 30 days.  And this comes just as earnings season for Wall Street companies are about to begin next week.
Since beginning the year with an announcement that GDP growth for the first quarter of 2016 would be above 1%, and calling for growth as high as 2.6% as recently as February, the Atlanta Fed has changed course immensely since March 15 and has called for growth estimates of .7%, .4%, and now .1% respectively since that date.
gdp q1

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