Are We Falling Into Recession?

The ongoing downward revisions are discouraging. The Atlanta Federal Reserve released its latest reading on GDP for 2017 Q1 on Thursday, lowering projections for U.S. economic growth once again to a mere +0.2% annualized rate. This latest downward revision has U.S. GDP growth quickly approaching negative territory. And if current trends continue, the final reading on 2017 Q1 GDP growth may just end up solidly in the red. This raises an important question. With the technical definition of an economic recession being two consecutive quarters of negative GDP growth, is the U.S. economy imminently at risk of falling into a recession?

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