Atlanta Fed GDPNow Q2 growth at 3.0%

Key facts

• Atlanta Fed's GDPNow model estimates Q2 actual GDP growth at 3.0%.
• The actual Q2 GDP growth figure is down from the previous forecast of 3.8%.
• The previous reading for Q2 GDP growth was also 3.8%.

The GDPNow model is a dynamic tool developed by the Atlanta Fed that provides a real-time estimate of current economic growth. It uses a range of high-frequency data to produce a nowcast, offering insights into the likely trajectory of GDP before official figures are released.