Atlanta Fed expects 45.5% GDP contraction in Q2

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -45.5 percent on June 17, down from -45.4 percent on June 16. After this morning’s housing starts report from the U.S. Census Bureau, the nowcast of second-quarter real residential investment growth decreased from -23.3 percent to -25.9 percent.