U.S. economy grew 2.1% in fourth quarter
Economists expect GDP to turn negative in the first quarter of this year
- March 26, 2020 March 26, 2020
- 11:00
Economists expect GDP to turn negative in the first quarter of this year
Economists have been downgrading their forecasts for Q1
The advance followed a 0.2% rise in sales in December
The Fed is content where interest rates are
Growth was supported by solid but slower consumer spending and an improvement in the trade deficit
Still, many global risks remain even as trade hostilities have lessened
Economists now believe the GDP is growing around 2% in the current quarter
The economy began the year with a "sizzling" 3.1% GDP rate
Economists expect the Federal Reserve to remain in a holding pattern for now
Economists had been forecasting a bigger slowdown