Q2 GDP Revised to 3.0%

This morning, the government revised their Q2 GDP report to growth of 3.0%. The initial report was for 2.6%. As it turns out, last quarter was the best quarter for GDP growth of the last nine quarters.

It’s interesting that last quarter came in at 3% because that used to be the average. But since the financial crisis, 3% is pretty good. Of the last ten years, or 40 quarters, Q2 2017 was the ninth best quarter for GDP. But in the ten years prior to that, last quarter would have been 23rd.

Posted by on August 30th, 2017 at 11:33 am

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