The Atlanta Branch of the Federal Reserve released their latest reading for the Nation’s GDP Growth. It currently shows that the economy is up 2.1% this quarter. That’s about double the prediction of the Fed’s survey of Blue Chip Economists, who are predicting that the economy’s growth is only about half that level.
The single greatest driver for economic growth is private domestic investment which is currently estimated to have increased by 9.6%. While the nation’s exports continue to lag, subtracting ) .75% from the current growth rate.
On July 26th, the Atlanta Fed will issue their final estimate for Q2 2023. Followed on July 28th, with their first estimate for Q3 GDP.
Follow the Atlanta Fed Now Cast here:
https://www.atlantafed.org/cqer/research/gdpnow.aspx?panel=1
