
Whacked Down by Plunging Inventories and Whacked Up by Plunging Imports, GDP Grows by 3.0%
Consumer spending growth accelerated from low levels. Federal government spending drops for second quarter in a row. By Wolf Richter for WOLF STREET. Gross Domestic Product, the broadest measure of the economy, grew by an annual rate of 3.0% in Q2, adjusted for inflation (called “real GDP”),…
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