The US economy could be shrinking at its fastest rate since the COVID-19 lockdown, according to the Federal Reserve Bank of Atlanta’s GDPNow model, which is now forecasting America’s gross domestic product to fall 2.8% in the first quarter.
The new forecast differs immensely from just a month ago, which estimated America’s GDP was tracking close to a 4% growth for Q1.
While GDP trackers like the Federal Reserve Bank of Atlanta can be volatile, several economic indicators also support…
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