The US Federal Reserve's gross domestic product and GDP forecasts also recorded negative in the second quarter, signaling a de facto recession in the US.
In the Atlanta Fed's 'GDP Now' forecast model, which provides real-time US GDP forecasts, the US GDP growth rate in the second quarter of this year is predicted to be -2.1%.
Earlier, the US economy recorded -1.6% in the first quarter, ending positive growth for the sixth consecutive quarter.
If the Atlanta Fed forecasts, the US has recorded negative growth for the second straight quarter, theoretically entering a recession.