GDPNow Forecast Plunges to -2.1 Percent, a Recession Has Clearly Started
by Mish Shedlock, Mish Talk: In the last three days the GDPNow forecast plunged from +0.7 percent to -2.1 percent, a net swing of 2.8 percentage points. Please note another GDPNow Model plunge following a miserable ISM number. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is […]
