Atlanta Fed's GDP Tracker Falls To Zero
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Atlanta Fed's GDP Tracker Falls To Zero

Economic growth appears to have come to a standstill, a widely followed barometer of the economy showed Wednesday.
Atlanta Fed's GDP Tracker Falls To Zero

The Atlanta Fed’s GDPNOW estimate of economic growth based on data published through today fell to zero from 0.9 percent a week ago.

The figure was dragged down by a variety of economic data released over the past week, including retail sales, and consumer prices. This decline raises the possibility that the economy may contract for a second consecutive quarter, one conventional definition of an economic recession.

The economy contracted at a 1.5 percent annual rate in the first three months of the year. GDPNOW is not a forecast of economic growth. Instead, it is an economic model that tracks what recently released economic data indicates about the economy.

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