US Economic Growth Remains On Track To Slow In Q1
Economic output is estimated to downshift sharply in next month’s official GDP report for the first quarter, based on the median nowcast from several sources compiled by CapitalSpectator.com. Recessionary conditions will likely be avoided, at least for now, but Q1 data appears set to highlight an increased vulnerability in Q2 and beyond.
Output is set to rise a weak 1.0% in the first quarter (annualized real rate), according to the median nowcast. If correct, growth will slow substantially from Q4’s 2.4% advance. The Bureau of Economic Analysis is scheduled to publish its initial Q1 report on Apr. 30.
