Q1 GDP Crashes To 0.6%: Latest Atlanta Fed Estimate
by Tyler Durden
ZeroHedge.com
03/28/2016
Earlier today we said that following today’s abysmal January spending data revision, “the Atlanta Fed will have no choice but to revise its Q1 “nowcast” to 1.0% or even lower, which would make the first quarter the lowest quarter since the “polar vortex” impacted Q1 of 2015, and the third worst GDP quarter since Q4 2012. It means one-third of already low Q1 GDP growth has just been wiped away.”
It was “even lower.”
The Rest…HERE
