Q2 GDP Growth Revised to 3.9%

I didn’t mention this on Friday but the government revised higher its estimate for Q2 GDP growth to 3.9%. The initial report had been 2.3%. That was later increased to 3.7%, and now it’s up to 3.9%.

We won’t get an estimate of Q3 GDP until the end of October, but today’s personal income and spending reports hint that it could be over 3%. Since the recession ended, the economy has had a hard time delivering three quarters in a row of solid GDP growth.

Here’s a look at quarterly GDP over the last 25 years. You can see how the recoveries have grown softer.

Posted by on September 28th, 2015 at 11:05 am

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