The American economy can shrink at its fastest rate since the COVID-19 insurance, according to the flavor of its flavor in Atlanta, which is now expected to decrease 2.8 % in the first quarter.
The new expectations differ greatly from only one month, which has estimated the gross domestic product in America Tracking Almost 4 % growth for Q1.
While the GDP tracking devices such as the Federal Reserve in Atlanta can be volatile, many economic indicators also support the decline, which can also clarify a problem in the encryption markets as well, in the event of a global liquidity crisis and more geopolitical conflict.
The fall of the potential gross domestic product can lead to the start of Trump’s stagnation, or “Tramors”, as some call it. The GDP in America has not shrunk by more than 2.8 % since Q2 2020, where He falls 32.9 % as the world went to insurance from the Covid-19s.
Change the estimates of GDP in Atlanta in Q1. source: Federal Reserve Bank in Atlanta
The estimated fall may have contributed to its trade deficit in America of $ 153 billion in January, the Statistics Office I mentioned On February 28. The increase in the trade deficit is likely to be 25.6 % from December as a result of the imports of companies before President Donald Trump implemented his first tour of the definitions.
February 25 reconnaissance From the Conference Council, the consumer confidence index showed from 105.3 points to 98.3 in February-the largest decrease from month to month since August 2021.
Consumer spending too He falls 0.2 % in January – although only 11 days occurred during the Trump era – while the investor and billionaire Warren Buffett It is said Trump’s tariff is believed to nourish more inflation and harm consumers.
The overall economy fears were blamed for the recent decline in encryption prices, which have Bitcoin (BTC) and Ether (ETH) by 10.2 % and 21.6 % in the past two weeks.
Despite Trump’s promise to make America “the capital of encryption” in the world – partially by forming a strategic coding reserve – was more than $ 670 billion shaving The roof of the total encryption market since it was opened on January 20.
Related to: Trump’s encoding reserve plan faces a congressional vote, and it may limit the gathering
Not all of the gross domestic product models have a bleak look like the GDP model in Atlanta.
New York Reserve Bank model Expected An increase of 2.9 % for the first quarter in its last update on February 28, while the GDP of the Federal Reserve in Dallas Propagate An increase of 2.4 % on February 27.
The ATLANTA FED GDPNOW model mimics the methods used by the Economic Analysis Office to estimate changes in GDP, while New York One applies Bayesian estimate and adopts filter techniques to assess a wider domain of data.
The Federal Reserve in Dallas is more focused on state data to collect a more topical perspective on how to track economic growth.
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