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Gross Domestic Product

Business Outlook


Friday, July 29, 8:30 a.m.

The median MMS forecast expects that real GDP grew at a 3.8% annual rate in the second quarter, a bit higher than the 3.4% pace of the first period. However, the range is fairly wide, from a 1.3% blip to a 4.5% blast. Inventory accumulation and a construction rebound likely offset slower consumer spending and a wider trade deficit. The price deflator likely increased at a 2.7% annual rate, on par with the 2.6% gain in the first quarter. Commerce will also release revisions to the economy back to the first quarter af 1991, the start of the current expansion.

Race, Class, and the Future of Ferguson

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