Atlanta Fed slashes GDP growth prediction to near zero

NewsMaxWires/Staff/3-11-2019

“The U.S. economy will barely grow in the first quarter, based on data on domestic construction spending in December released on Monday, the Atlanta Federal Reserve’s GDPNow forecast model showed. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.2 percent on March 11, down from 0.5 percent on March 8.”

USAGOLD note:  What is troubling about the numbers that are now coming out is how quickly things have eroded. . . .from good to great to good to plain awful.

 

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