gdp: GDP slowed from a 3.1% gain in the first three months of the year, according to MSNBC. The full report from the Commerce Department is online here. Gross domestic product, the official report card on the economy, grew at a 2.1% annual pace from the start of April to the end of June, the government said Friday. To be sure, GDP growth of 2.1% isn't bad, though it's a dip from the first quarter, and it's exactly half the growth Americans saw in the second quarter of last year, when Donald Trump and his allies celebrated in ways that suggested they didn't understand the difference between quarterly and annual growth rates. As for the image above, the chart shows GDP numbers by quarter since the Great Recession began. What's more, this morning's figures which will be revised in the coming months suggest the president will again fail to produce annual growth between 4% and 6%, which is what he inexplicably promised during the 2016 campaign.
(news.financializer.com). As
reported in the news.
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