# Economists' Forecasts Disproven:

Despite economists forecasting a slowdown for nine months, the U.S. economy continues to accelerate, leading to calls for economists to re-evaluate their models.

## Strong GDP Growth:

The second-quarter GDP expanded at a robust 3.8% annualized rate, a surprisingly strong pace given the Federal Reserve's efforts to control inflation.

## Positive Third-Quarter Outlook:

The Atlanta Fed's GDPNow model forecasts even stronger growth in the third quarter, projecting a 3.9% gain.

## Resilient Factors:

This unexpected strength is attributed to factors like resilient consumer spending, strengthened business investment in key sectors (AI, energy infrastructure, manufacturing reshoring), and surprising stability in the housing market, despite high interest rates.

## Challenging the Narrative:

it's becoming difficult to argue that the economy is still waiting for the delayed negative effects of past events, such as higher interest rates and policy changes.