According to the latest report from Jin10, CoinVoice has learned that the Atlanta Fed's GDPNow model has recently revised its forecast for the U.S. second quarter GDP growth rate from 2.2% to 3.8%. Based on the latest data from the U.S. Census Bureau and the Bureau of Economic Analysis, the contribution rate of net exports to GDP growth has jumped from -0.64% to 1.45%.
However, the model has adjusted down the expected growth rate of personal consumption expenditures (from 3.7% to 3.3%) and the expected growth rate of domestic private investment (from -0.2% to -1.4%).
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According to the latest report from Jin10, CoinVoice has learned that the Atlanta Fed's GDPNow model has recently revised its forecast for the U.S. second quarter GDP growth rate from 2.2% to 3.8%. Based on the latest data from the U.S. Census Bureau and the Bureau of Economic Analysis, the contribution rate of net exports to GDP growth has jumped from -0.64% to 1.45%.
However, the model has adjusted down the expected growth rate of personal consumption expenditures (from 3.7% to 3.3%) and the expected growth rate of domestic private investment (from -0.2% to -1.4%).