What’s Going On? Atlanta Fed Adjusts Expected US GDP Down by Roughly 40%

By Joe Hoft
Published September 14, 2021 at 4:15pm

Only a year ago, the US was experiencing its largest economic expansion in history. After the COVID nightmare, the economy was back on track and expanded 33.1% in the 3rd Quarter for the greatest GDP on record.

IT’S OFFICIAL: Trump Crushes Record for Largest GDP Increase in US History — 3rd Quarter GDP Up 33.1%

Oh, how times have changed under the Biden regime. The Atlanta FED has adjusted downward its expectations for the economy in the 3rd Quarter by 40%. Where the GDP estimate for the 3rd Quarter 2021 was above 6%, it is now slightly above 3%.

The economy is next, even the FED is seeing it.

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Joe Hoft

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Joe Hoft is the twin brother of TGP's founder, Jim Hoft, and a contributing editor at TGP. Joe's reporting is often months ahead of the Mainstream media as was observed in his reporting on the Mueller sham investigation, the origins of the China coronavirus, and 2020 Election fraud. Joe was a corporate executive in Hong Kong for a decade and has years of experience in finance, IT, operations and auditing around the world. The knowledge gained in his career provide him with a unique perspective of current events in the US and globally. He has ten degrees or designations and is the author of three books. Joe is currently co-host of the morning radio show in St. Louis at 93.3 "Tomorrow's News Today". His new book: 'In God We Trust: Not in Lying Liberal Lunatics' is out now - please take a look and buy a copy.

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