The Atlanta Fed significantly raised its Q2 GDP growth forecast for the U.S. to 3.8%

ChainCatcher news, according to Jinshi reports, the latest forecast from the Atlanta Fed's GDPNow model shows that the expected GDP growth rate for the second quarter in the United States has been revised up from 2.2% to 3.8%. According to the latest data from the U.S. Census Bureau and the Bureau of Economic Analysis, the contribution of net exports to GDP growth has jumped from -0.64% to 1.45%.

However, the model has simultaneously lowered the expected growth rate for personal consumption expenditures (from 3.7% to 3.3%) and the expected growth rate for domestic private investment (from -0.2% to -1.4%).