SFY - Next Week's Q1 GDP Data Expected To Show U.S. Recession's Start
There had been hope that the coronavirus-triggered recession that's now roiling the US economy wouldn't show up in the data until the second quarter. But recent updates for March have smashed that idea, and so, next week's initial estimate of Q1 GDP is on track to post a loss, based on several nowcasting models and survey results compiled by CapitalSpectator.com.
The negative outlook for Q1 economic activity is striking because the brunt of the coronavirus blowback didn't bite in the US until March. But the depth and speed of the economic decline last month is