by Bill Holter
The Atlanta Fed is forecasting -52% GDP growth in the 2nd quarter. Only a flesh wound?
GDPNow – Federal Reserve Bank of Atlanta
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our 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 U.S. Bureau of Economic Analysis.