Real gross domestic product (GDP) in the United States is expected to grow 9.3%, up from 9.1% on May 27, in the second quarter of 2021, it showed on Friday. the latest GDPNow report from the Federal Reserve Bank of Atlanta.
“Following this morning’s releases from the US Bureau of Economic Analysis and the US Census Bureau, the current forecast for second-quarter real gross private domestic investment growth decreased from 25.1% to 20.7%, while the current forecast of the contribution of the change in Exports to the growth of real GDP in the second quarter increased from -1.68% to -0.90%, “explained the Atlanta Fed in its publication.
Market reaction
This report does not appear to have a noticeable impact on the performance of the USD against its rivals. At time of writing, the US Dollar Index was up 0.15% on the day at 90.14.
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