Wednesday, July 28, 2010

Near-term GDP is fine

Despite all of the chatter about an allegedly imminent double-dip recession, GDP is holding up fine. According to Macroeconomic Advisors, LLC, real annualized growth of GDP is tracking at 2.3% for Q2 and 2.8% for Q3. Not bad. It is still too soon to talk about anything other than guesstimates for Q4 and beyond, but the actual evidence is only for a slowing, not renewed recession.

-- Jack Krupansky


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