A Federal Reserve Bank of Atlanta policy advisor who tracks the economy’s growth said one measure of the U.S. economy is in the negative this quarter, but other signs are looking positive.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
Economist Patrick Higgins told Channel 2′s Linda Stouffer there had been a change in the gross domestic product of negative-0.8%, which adds to general signs of a softening economy.
“Sort of the forward-looking part, consumer spending and investment numbers, are positive though,” he said. “It is consistent with some softening relative to last year.”
A couple things stick out: larger than normal movement of gold into the U.S. and what appears to be a speeding up of imports.
“This quarter is essentially - import growth is going to be quite strong maybe because firms and households were trying to get ahead of any tariffs,” Higgins said.
TRENDING STORIES:
- Felon convicted again after bringing guns to Reinhardt University campus
- Sausage, pepperoni and...AI? Pizza company partners with Google for upgraded ordering experience
- Man accused of killing teen carrying his child granted bond again
[SIGN UP: WSB-TV Daily Headlines Newsletter]
©2025 Cox Media Group
