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Atlanta Fed predicts negative 2.8 percent GDP growth in first quarter

The Federal Reserve Bank of Atlanta has estimated a GDP growth rate of-2.8% for the first quarter of 2025, down from previous estimates of-1.5%.
The Institute for Supply Management reported that the manufacturing index dropped from 50.9 in January to 50.3 in February, contributing to this GDP decline.
Finance expert Kevin Thompson stated that Trump should be 'very concerned' about the negative GDP data, indicating rising economic uncertainty.
Trump stated that tariffs with Canada and Mexico would resume, which may impact consumer spending and economic uncertainty.

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The Bulwark

Playing the Victimhood Long Game

Stormy seas ahead, per Trump’s former National Economic Council Chair Larry Kudlow: “Some very smart people are telling me that the February jobs number coming out Friday could be flat, even negative,” he said on his Fox Business show yesterday. “The GDP tracker from the Atlanta Fed is showing for the first quarter a -2.5 or -2.8 percent. And we’ve had lousy numbers on things like housing and business investment. . . . We’re gonna have to suffer…

8 days ago

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naked capitalism

"Might the US Be About to Fall Off an Economic Cliff?

The respected Atlanta Fed NowCast is scary bad, as in economic shoes about to drop in a big way bad.

9 days ago

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The Minnesota Sun

Analysis: Trump Administration Looks to Buck History as Treasury Inversions Predict Economic Pain for 2025 - The Minnesota Sun

Analysis: Trump Administration Looks to Buck History as Treasury Inversions Predict Economic Pain for 2025

9 days ago

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Washington Examiner

Why recession fears are overblown

Fears of a recession are greatly exaggerated. Sometimes, the market believes in ghosts. The fears, however, are real. Last Friday, the Federal Reserve Bank of Atlanta lowered its GDPNow model of economic growth for the first quarter to a negative 1.5% annually. The Atlanta Fed’s forecast model stirred up talk of recession. One prominent economist said the economy... The post Why recession fears are overblown appeared first on Daily Truth Report…

10 days ago·Washington, United States

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The Globe & Mail

Shocking result from closely watched U.S. economic weathervane sounds ‘Trumpcession’ warning

Atlanta Fed’s GDPNow model brings an alarming prediction

11 days ago·Canada

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Raw Story

Atlanta Fed posts alarming new economic projection of Trump's first quarter

The Atlanta Federal Reserve on Monday produced a new projection that the American economy would shrink by nearly three percent in the first quarter of President Donald Trump's second term.Specifically, the Atlanta Fed now projects that the economy will shrink by 2.8 percent in Q1 2025, which actuall...

11 days ago·United States

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