US gross domestic product ( GDP ) will likely fall by 2 % in January 2019 rather than the previously forecast 1.75 % , according to a financial note by JP Morgan economist Michael Feroli on 2 February . The forecast was revised down because prices of durable goods increased at a lower - than - expected rate in December , with core capital orders unexpectedly falling .
US gross domestic product (GDP) will likely grow by 1.5% in Q1 2019 rather than the previously forecast 1.75%, according to a research note by JP Morgan economist Michael Feroli on 21 February. The forecast was revised down because orders of durable goods increased at a lower-than-expected rate in December, with core capital orders unexpectedly falling.