US Economy Sees 1.5% Contraction in Q1 Forecast
The Atlanta Fed’s latest GDPNow forecast warns that the US economy is headed for a contraction in the first quarter, as weaker consumer spending and a widening trade deficit set the stage for a significant slowdown. The revised estimate now predicts an annualized 1.5% decline, down from the previously expected 2.3% growth rate. This sharp … Read more