Barclays cuts 1Q GDP growth to 2% from 2.5% previously.

Atlanta Fed to announce their recent estimate later today

Barclays has has cut its first-quarter GDP growth in 2% from 2.5% previously. That is in contrast to the Atlanta Fed GDP now estimate which on Friday came in at 0.5%. The New York Fed Nowcast estimate released on Friday is between the two (but closer to Barclays) at 1.5%.