this post was submitted on 03 Mar 2025

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Atlanta Fed now forecasts a -2.8% shrink in GDP for Q1 2025 (www.atlantafed.org)

submitted 4 months ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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[–] humanspiral@lemmy.ca 6 points 4 months ago

Had dropped to -1.5% on Friday after massive surge in imports ahead of tariffs. Drop this morning is due to Censusu bureau and ISM. Not clear what census bureau said, but ISM was just bad instead of terrible: https://www.fxstreet.com/news/ism-manufacturing-pmi-expected-to-show-modest-slowdown-in-us-factory-sector-in-february-202503030900