Jul 26, 2018
Economists await Q2 GDP report
Add Axios as your preferred source to
see more of our stories on Google.
Second quarter GDP figures will be released Friday morning, with widespread expectations that growth will easily exceed the 2% mark from Q1.
- 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):
