Atlanta Fed Q4 GDP Forecast Tumbles From 2.5% To 1.9%

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Health Care

Just a few days after we got a very disappointing Q3 GDP print of only 1.5% annualized growth, of which healthcare spending accounted for over a third, the Atlanta Fed’s GDPNow forecast, which has traditionally been the most accurate indicator of real-time GDP swings, was just slashed by nearly a quarter from the 2.5% as originally reported on October 30, to just 1.9%.
The reason:

This post was published at Zero Hedge on 11/02/2015.