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Atlanta Fed Forecasts 2.8% GDP Decline, Recession Fears Rise

3/3/2025

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Summary

Story summary

The Atlanta Fed's GDPNow model forecasts a 2.8% GDP decline for Q1 2025, revised from 1.5%.
Weak construction spending and manufacturing activity contribute to this downward shift.
Significant drops in consumer sentiment and retail sales signal an economic slowdown.
The revised forecast raises recession concerns, affecting financial markets and cryptocurrencies.

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Story summary

The Atlanta Fed's GDPNow model forecasts a 2.8% GDP decline for Q1 2025, revised from 1.5%.
Weak construction spending and manufacturing activity contribute to this downward shift.
Significant drops in consumer sentiment and retail sales signal an economic slowdown.
The revised forecast raises recession concerns, affecting financial markets and cryptocurrencies.