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Jul 26, 2018

Economists await Q2 GDP report

Dan Primack

Second quarter GDP figures will be released Friday morning, with widespread expectations that growth will easily exceed the 2% mark from Q1.

Data: Bureau of Economic Analysis; Chart: Chris Canipe/Axios
Data: Bureau of Economic Analysis; Chart: Chris Canipe/Axios
  • The Atlanta Fed predicts 4.5% growth, while the New York Fed's "Nowcast" is at 2.7%.
  • Economist consensus is closer to Atlanta than New York.
  • U.S. GDP growth last topped 4% in 2014.
  • Q1 GDP growth was originally reported at 2.3%, but was later revised down to 2%.
  • President Trump is certainly expecting a big number, although it's virtually inconceivable that U.S. GDP growth would be higher than that of China (6.8% in Q1):
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