There’s been a notable decline in fortunes for the US as far as economic data is concerned. Economic growth has moderated and now looks unlikely to make a comeback after the Atlanta Fed’s GDPNow forecast revealed a massive turnaround in second quarter growth, from a prior 4+ percent to a measly 1.8%. The 1.8% projection is not much of an improvement from the Q1 print of 1.6% – which was a shocking print given the estimate anticipated 2.5% growth for the same period.
