Atlanta Fed GDPNow estimate for Q2 growth 3.9% ...Middle East

The initial reading for Q2 growth from the Atlanta Fed GDPNow model comes in at 3.9%. There is a long way to go before that actual advanced GDP number is finalized (three months). In Q1, the Atlanta Fed's predictive powers were tarnished a bit after forecasting 2.7% growth. The actual growth rate reported yesterday was 1.6%. In their own words today:The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.9 percent on April 26. The initial estimate of first-quarter real GDP growth released by the US Bureau of Economic Analysis on April 25 was 1.6 percent, 1.1 percentage points below the final GDPNow model nowcast released on

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