American Economics Thread

siegecrossbow

siegecrossbow

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Overbom

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Dam. Things are def not looking good. RIP my stonks..

Guessing surging imports due to tariffs but still not good vibes
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Latest estimate: -1.5 percent — February 28, 2025

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.5 percent on February 28, down from 2.3 percent on February 19. After recent releases from the US Bureau of Economic Analysis and the US Census Bureau, the nowcast of the contribution of net exports to first-quarter real GDP growth fell from -0.41 percentage points to -3.70 percentage points while the nowcast of first-quarter real personal consumption expenditures growth fell from 2.3 percent to 1.3 percent.
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