Second-quarter GDP jumps 4.1% for best pace in nearly four years

Monday, July 30, 2018 | Tag Cloud Tags: , , ,

(Worthy News) - Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber.

The number matched expectations from economists surveyed by Reuters and was boosted by a surge in consumer spending and business investment. Stock market futures edged lower on the news while government bond yields moved lower.

That's the fastest rate of the growth since the 4.9 percent in the third quarter of 2014 and the third-best growth rate since the Great Recession. In addition to the strong second quarter, the Commerce Department revised its first-quarter reading up from 2 percent to 2.2 percent. [ Source: CNBC (Read More...) ]

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1 thought on “Second-quarter GDP jumps 4.1% for best pace in nearly four years

  1. Please forward this to Obama. The country that he tried to destroy for the purpose of creating a One World Government is destroying all the policies he put in place. The American People he wished to destroy are destroying him.

    It would be nice to see the Pope make him the New World Order's first dictator.
    Then it could watch as America destroys that too.

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