Economists Lift US Q3 GDP Forecast to 2.5% on Consumer Spending and AI Investment
Updated
Updated · Bloomberg · Aug 21
Economists Lift US Q3 GDP Forecast to 2.5% on Consumer Spending and AI Investment
1 articles · Updated · Bloomberg · Aug 21
Summary
A Bloomberg survey now sees US gross domestic product expanding at a 2.5% annualized rate in the third quarter, up from a 2% estimate in the previous poll.
Consumer spending and private investment drove the upgrade, with economists specifically citing capital outlays tied to artificial intelligence.
Forecasts beyond the quarter changed little, with quarterly GDP projections through the end of 2027 staying in a narrow 2%-2.2% range.
That pattern suggests economists view the stronger third-quarter outlook as a near-term lift rather than a broad reset of the medium-term US growth path.