David Lin: Will Q2 be Officially a Recession?

Following a disappointing first quarter, the question on everyone’s mind is: are we officially in a recession? According to Patrick Higgins, a Policy Advisor, Economist, and the creator of the GDPNow model at the Federal Reserve Bank of Atlanta, the answer isn’t so straightforward. In a recent interview with David Lin, Higgins shed light on the Atlanta Fed’s projection for Q2 2025. While a negative Q1 performance raised concerns, Higgins’s team is forecasting a significant rebound, projecting a robust 2.4% economic growth for the second quarter. However, Higgins also emphasized the importance of understanding the nuances of economic forecasting. He…