Second-quarter US GDP is expected to increase 2.9% (real seasonally adjusted annual rate), according to the The Capital Spectator’s average econometric nowcast. This is an initial estimate that uses limited Q2 data and so the projection is a preliminary review that will be revised several times as new economic data arrives. The final nowcast will be published shortly before the official report for Q2 GDP, which is scheduled for release on July 31, when the Bureau of Economic Analysis (BEA) publishes the first of three estimates.