After the last two weeks of data (including most jan and feb) Atlanta Real GDP models forecasts Q1 GDP at -0.5% (adjusted for gold imports)
- Consumer spending expected to have very low contribution this quarter after the weak real spending reading for these 2 months.
- Net exports will still be a negative contributor beyond the gold exports. This week February trade balance was also high at -147 B vs -153 B in January 2025.
