Rebound? Q2 GDP Forecast Remains Gloomy! (0.9 Percent Only)

The talking heads on TV kept saying “Q1 was bad weather, so there should be a BIG pent-up demand in the economy. So Q2 should be gangbusters!

Not.

The Atlanta Fed GDP NOW, which correctly forecast the dismal Q1 growth rate of 0.2% QoQ, is now forecasting Q2 GDP growth at a dismal 0.9% QoQ.

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