Author Topic: Atlanta Federal Reserves Predicts Second Quarter Of Negative Growth  (Read 35 times)

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Offline Ptarmigan

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GDPNow
https://www.atlantafed.org/cqer/research/gdpnow

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The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis.

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Latest estimate: -1.0 percent — June 30, 2022

The Atlanta Federal Reserves predicts second quarter in a row of negative growth. This suggests recession is already here.
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Offline DefiantSix

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Re: Atlanta Federal Reserves Predicts Second Quarter Of Negative Growth
« Reply #1 on: June 30, 2022, 09:06:47 PM »
GDPNow
https://www.atlantafed.org/cqer/research/gdpnow

The Atlanta Federal Reserves predicts second quarter in a row of negative growth. This suggests recession is already here.

Gee, I think I'll have a heart attack and die from that prognostication... :therock:
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