Atlanta Fed Predicts 50%+ Q2 GDP Contraction

[JimBowie1958]

roflmao, these pencil necks are so stupid.

We may actually see a small gain in GDP, but it wont be anywhere near a 50% drop in GDP

GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge

The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will weigh on investment and consumption.

www.cnbc.com

 

[RoshawnMarkwees]

They confuse predicts with desires.

 

[Care4all]

roflmao, these pencil necks are so stupid.

We may actually see a small gain in GDP, but it wont be anywhere near a 50% drop in GDP

GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge

The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will weigh on investment and consumption.

www.cnbc.com

they've revised it Jim.... your link is from June 2nd?

-35% new estimate

GDPNow

GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the US Bureau of Economic Analysis.

www.frbatlanta.org

 

[JimBowie1958]

they've revised it Jim.... your link is from June 2nd?
-35% new estimate

GDPNow

GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the US Bureau of Economic Analysis.

www.frbatlanta.org

Still, even -35% is just HUGE, and since it is IMPOSED rather than an organic contraction, I just dont see it being that far down end of June.

 

[rightwinger]

roflmao, these pencil necks are so stupid.

We may actually see a small gain in GDP, but it wont be anywhere near a 50% drop in GDP

GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge

The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will weigh on investment and consumption.

www.cnbc.com

Keep in mind second quarter covers April through June. The heart of the shutdown.

I see it doubtful there would not be a significant drop in GDP

Why wouldn’t there be?