Atlanta Fed Raises Q2 2026 GDP Growth Estimate to 1.4%, Up 0.2pp

According to the Atlanta Federal Reserve's GDP Now model, the U.S. second-quarter 2026 gross domestic product growth was revised upward to 1.4% annualized today (July 7), up 0.2 percentage points from the prior estimate of 1.2% on July 1. The latest estimate reflects updated economic data showing imports surging 16.4% annualized in the quarter, while the net export drag on growth improved to minus 1.30 percentage points from minus 1.62 percentage points.
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