The Atlanta Fed GDPNow estimate for Q1 fell to 0.6% from 1.3% on February 17. In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2022 is 0.6 percent on February 25, down from 1.3 percent on February 17. After this morning’s personal income and outlays report from the US Bureau of Economic Analysis, the nowcast of first-quarter real personal consumption expenditures growth decreased from 3.2 percent to 1.6 percent.
Atlanta Fed GBPNow dips to 0.6% from 1.3% last
