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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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Bias Distribution

  • 45% of the sources are Center
45% Center

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Barron's broke the news in New York, United States on Friday, February 28, 2025.
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