Author Topic: GDP slows to 2.1% in second quarter but beats expectations thanks to strong consumer  (Read 497 times)

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Offline edpc

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Growth decelerated in the second quarter, but not by as much as Wall Street thought, as tariffs and a global slowdown weighed on the U.S. economy, the Commerce Department reported Friday.

GDP increased 2.1%, down from 3.1% from the first quarter, and the weakest increase since the first quarter of 2017 when President Donald Trump took office. Dow Jones Q2 estimates were for 2% growth.

https://www.cnbc.com/2019/07/26/us-gdp-second-quarter-2019.html
I disagree.  Circle gets the square.