FHN Financial Economic Weekly

Chris Low, Sophia Kearney-Lederman, and Will Compernole
Forecast Update: Hard Slowdown Risk

If we had to pick one word to describe our new forecast, at least the first couple of quarters, it would be confusion. Supply chains are healing, but they will be snarled again soon by Chinese Covid lockdowns. GDP fell in Q1, appears to be growing now, but could fall again in the second half. This week, we do our best to tease out a forecast from all the moving pieces.

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