Yonhap Infomax NewsAtlanta Fed's GDPNow model cuts Q1 U.S. growth forecast to 1.6%, marking the lowest estimate since tracking began in February, as weak net exports offset stronger private investment while consumer spending growth slows following last year's fourth quarter deceleration to 0.7%.
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Atlanta Fed's GDPNow Cuts Q1 Growth Forecast to 1.6%, Lowest Since Tracking Began
Atlanta Fed's GDPNow model cuts Q1 U.S. growth forecast to 1.6%, marking the lowest estimate since tracking began in February, as weak net exports offset stronger private investment while consumer spending growth slows following last year's fourth quarter deceleration to 0.7%.