Q2 GDP Is History, Focus Should Be on the Future |
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Q2 GDP Is History, Focus Should Be on the Future The U.S. economy grew at an annual rate of 3.3% in the second quarter compared with the advance estimate of a 1.9% increase. This large discrepancy in the headline estimate came about due a significant upward revision of net exports and inventories. Net exports in the second quarter are now estimated as -$376.7 billion vs. -$395.2 billion in the advance estimate. In addition, firms decreased inventories by $49.4 billion compared with the earlier
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