the Atlanta Fed's GDPNow model predicts the US GDP growth rate for the second quarter to be 3.8%, up from the previous estimate of 2.2%. Following recent data releases from the US Census Bureau and the Bureau of Economic Analysis, the Atlanta Fed's GDPNow model predicts that the contribution of net exports to actual GDP growth in the second quarter has jumped from -0.64% to 1.45%. However, immediate forecasts for the growth of actual personal consumption expenditure and actual domestic private investment in the second quarter have declined, dropping from 3.7% and -0.2% to 3.3% and -1.4% respectively.
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Atlanta Fed significantly raised the US Q2 economic growth rate
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