The first official estimate of Q1 US GDP was -0.4% and now second quarter forecasts are falling.
It’s still very early but the latest forecast from the Atlanta Fed model is +1.8%, down from +2.2% on May 4 (both annualized q/q).
“After recent releases from the US Bureau of Labor Statistics and the US Census Bureau, the nowcast of second-quarter real gross private domestic investment growth decreased from -1.3 percent to -2.8 percent,” the release said.
Given the tone in markets lately, I can’t see the consumer or business sentiment improving in May-June. There’s still plenty of reason to believe in the US economy but every day that stocks plunge is another hit.
Related Posts
Member Support: License Management
8 Copthall Roseau Valley 00152 Dominica
@ 2023 Euronis Software LLC

MetaQuotes

MetaTrader 5

Ryzen 9

Equinix

kamatera

Google Cloud

Vultr

Azure
Euronis is fully automated trading software.
About us
Platforms
Services
Terms
Risk warning: Forex, spread bets and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.