The Atlanta Fed's tracker did a much better job of forecasting GDP in Q1 than Wall Street. It was at +0.4% for this week's reading compared to the +1.1% consensus. The reading was -1.4%.
The first reading on Q2 is better but only puts H1 growth into slightly positive territory. Of course, it's still very early in the quarter and this estimate will be constantly adjusted for the next three months.
