The new update to Atlanta Fed’s GDP Now Model forecasts a GDP decline of 0.5% in the first quarter of 2025, even when adjusting for the surge in Gold imports in January-February
Posted by Straight_Ad2258
The new update to Atlanta Fed’s GDP Now Model forecasts a GDP decline of 0.5% in the first quarter of 2025, even when adjusting for the surge in Gold imports in January-February
Posted by Straight_Ad2258
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source: [https://www.atlantafed.org/cqer/research/gdpnow](https://www.atlantafed.org/cqer/research/gdpnow)
altough the biggest reason for the decline is the rise of imports and thus the decline in net exports, the contribution of personal spending has also declined notably , from 1.54% to 0.19%
the non-residential fixed investment component has increased a bit, from 0.38% to 0.96%
Why would the import of gold affect GDP estimates so much?
When does a full report for the quarter come out?