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GDP growth in 2Q08

Posted by BBVA Bancomer in July 25th 2008  
• Boosted by tax rebates and monetary policy, consumer spending proved resilient in 2Q08 • Non-residential investment was solid, while residential investment declined  • Risks are tilted to the downside, we expect GDP to weaken in 2H08 Economic activity in the second quarter According to our estimates, the U.S. economy proved resilient in the second quarter. We expect 0.93% real GDP growth in 2Q08 from 0.96% in 1Q08. This is equivalent to 1.8% year-over-year growth rate in 2Q08 from 2.5% Read More...

Filed under: Fundamental