Gdp

This morning the Commerce Department released their initial round of data for second quarter (Q2) GDP. Real GDP shrank at a 1.0 percent annual rate in the second quarter of this year. As a reminder, this does not mean GDP shrank 1 percent in the second quarter. It means…

Last Wednesday the Commerce Department released their final data for first quarter (Q1) U.S. GDP. GDP shrank at a 5.5 percent annual rate in the first quarter of this year. (This takes inflation out of the calculations, so we’re measuring the growth of real GDP.) That…