Q2 GDP Expands at 4.0%

by Marilou Moursund on July 30, 2014

in Economic Indicators

Second quarter GDP bounced back nicely from celebrex dosage the contraction in the first quarter. From the linked WSJ article: Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a seasonally adjusted annual rate of 4.0% in the second quarter, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had forecast growth at a 3.0% pace for the quarter. An upturn in inventory building and an acceleration in consumer spending led the broad gains and offset a larger drag from increased imports. The solid gains come

on the heels of a first quarter when the economy shrank at a 2.1% pace. While still the worst quarter of the current recovery, the figure reflects an upward revision from a previously estimated 2.9% contraction. The economy only grew at about a 1% pace for the first half http://lipitorgeneric-online247.com/zocor-cholesterol-meds.html of 2014.

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