if the Atlanta Fed’s second quarter 2022 model is accurate, then GDP will drop 2.1% in the second quarter of this year, which just concluded. That would also officially mean we are in a recession. Of course, many people and economists think we are already in recession, but this Atlanta Fed model, if accurate wouldn’t not only prove we are in a Biden recession, but it’s worse than originally thought.
On July 1, the #GDPNow model nowcast of real GDP growth in Q22022 is -2.1%. https://t.co/T7FoDdgYos #ATLFedResearch
Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMl7Jms pic.twitter.com/lDifuKaF9w— Atlanta Fed (@AtlantaFed) July 1, 2022
It would also make it more difficult for the corrupt Biden regime to fudge the numbers to appear that second quarter GDP actually grew, rather than fall.