2nd Quarter 2024 Gdp Growth. Real gross domestic product (gdp) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the “advance” estimate. The gross domestic product (gdp), a measure of the nation’s economic output, grew at an annualized rate of 2.8% in the second quarter, double the 1.4% rate of the first.

In its october monetary policy, the central bank projected real gdp growth for fy25 at 7.2 percent, with q2 at 7 percent, q3 7.4 percent and the fourth quarter at 7.4 percent. On july 17, the gdpnow model estimate for real gdp growth in the second quarter of 2024 is 2.7 percent, up from 2.5 percent.