March 29, 2017

GDP Growth Rate Slows

According to this report released yesterday by the Bureau of Economic Analysis, the Gross Domestic Product growth rate decreased to 2.4% for the 2nd Quarter of 2010 – down from 3.7% in the previous quarter, as you can also see below.  The 1.3% decrease is largely due to an increase in imports – up 28.8% from the 1st Quarter.

Campaign experts and election forecasters frequently utilize the GDP growth rate of the 2nd Quarter of election years as a central indicator for the present status of the economy.  Historically speaking, a growth of 2.4% is not considered something for incumbents to brag about, but it is a decent growth, especially when you compare it to the past few years.

The economy is slowly growing.

Speak Your Mind