Q2 GDP Revised Higher to 3.7%

The second-quarter GDP was revised higher today to 3.7%. That’s a revision from the initial report of 2.3% growth. This probably helped calm the market’s nerves.

I now feel a bit vindicated. Before the initial report on Q2 GDP came out, I said I was expecting a good number, “perhaps 3.0% to 3.5%.”

This was the fourth-best quarter for GDP growth since the start of 2012.

Posted by on August 27th, 2015 at 11:37 am

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