Friday, August 6, 2010

Second Quarter GDP Increased 2.4%

An increase is certainly better then a decrease, but 2.4% is less then optimal; especially given the so called 'stimulus'.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

"Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 2.4 percent in the second quarter of 2010,
(that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 3.7 percent.
"

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