Atlanta Fed significantly raised the US Q2 economic growth rate

Odaily News The Atlanta Fed GDPNow model predicts that the US GDP growth rate in the second quarter will be 3.8%, which is 2.2% previously. After the recent release of data from the US Census Bureau and the US Bureau of Economic Analysis, the Atlanta Fed GDPNow model predicts that the contribution of net exports to the growth of real GDP in the second quarter will jump from -0.64% to 1.45%. However, the immediate forecasts for the growth of real personal consumption expenditures in the second quarter and the growth of real domestic private gross investment in the second quarter have declined, from 3.7% and -0.2% to 3.3% and -1.4%, respectively. (Jinshi)