Q2 GDP Revised to 1.4%

The second revision to Q2 GDP was released this morning. The government now says that the economy expanded, in real terms, by 1.4% during the second three months of the year.

This is the seventh quarter in row in which the economy grew by 2.6% or less. Over the last four quarters, nominal GDP grew by 2.5%. That’s the slowest growth rate since the recession.

Posted by on September 29th, 2016 at 10:34 am

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