Second-quarter GDP growth revised up to robust 3% rate

[mystery-ak]

Second-quarter GDP growth revised up to robust 3% rate
By
Zach Halaschak
August 29, 2024 8:31 am
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GDP growth in the second quarter was revised up by 0.2 percentage points to a strong 3% seasonally adjusted annual rate.

That is up from 1.4% growth in the first quarter of the year, good news for Vice President Kamala Harris, who is working to reassure voters that the economy will fare well under her. Harris has been tied to President Joe Biden’s stewardship of the economy, which has been plagued by high inflation and general economic discontent.

There will still be one more final estimate on how much the economy expanded during the second quarter. The government updates its GDP estimates over the course of several weeks as analysts get a better picture of how the economy performed during the past quarter.

The data show the economy has some underlying strength even amid signs of a weakening labor market.

more
https://www.washingtonexaminer.com/policy/finance-and-economy/3137177/second-quarter-gdp-growth-revised-up-to-robust-3-rate/

[DefiantMassRINO]

How much was real GDP growth, and how much was Government, Healthcare, and Education?

One way to grow real GDP is to build more housing.

One way to fight inflation is to cut down the forests for lumber before they burn.