Monday, July 30, 2018

That Huge GDP Number

Gross domestic product grew by 4.1 percent in the second quarter, according to numbers released by the Commerce Department on Friday. This is the best quarter we've seen since a 4.9 percent in the third quarter of 2014. What went right?

  • Personal consumption expenditures rose 4 percent  
  • Business investment grew 7.3 percent 
  • Exports added 1.06 of the 4.1 percent total with their largest positive result since the fourth quarter of 2013
  • Federal government outlays increased by 3.5 percent

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