Atlanta Fed significantly raises US Q2 economic growth rate

Odaily Planet Daily News: The Atlanta Fed's GDPNow model predicts that the US GDP growth rate in the second quarter will be 3.8%, compared to the previous estimate of 2.2%. After the recent data released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the Atlanta Federal Reserve's GDPNow model predicted that the contribution of net exports to real GDP growth in the second quarter jumped from -0.64% to 1.45%. However, the real-time forecasts for actual personal consumption expenditure growth and actual domestic private total investment growth in the second quarter have declined, dropping from 3.7% and -0.2% to 3.3% and -1.4%, respectively. (Golden Ten)