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.
Atlanta Fed's GDPNow model sees U.S. economy shrinking 2.8% in the first quarter of 2025
The Atlanta Fed GDPNow on Monday estimated that the U.S. economy will shrink at a 2.8% annualized rate in the first quarter of 2025 -- just days after it indicated that gross domestic product was on pace to shrink by 1.
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