Q1 GDP Growth Revised to 2.0%

This morning, the government revised the economic growth numbers for the first quarter of this year. According to the new data, the US economy grew, in real terms, at a 2% annualized rate for Q1.

That’s been about the average for the recovery. What’s interesting is that the recovery has been less than the average of the last several decades.

There’s been talk of the economy ramping up to a faster growth rate. So far, the numbers say that hasn’t happened. Of course, this is for Q1 which began six months ago and ended three months ago, so Q2 could be a different story. The Atlanta Fed thinks Q2 came in at 4.5%.

I hope so. That’s a very good number, and it could signal that things are ramping up. We’ll get our first look at the Q2 numbers in late July.

Here’s a look at the year-over-year growth rate in real GDP.

Posted by on June 28th, 2018 at 8:53 am


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