Follow-Up to July 27 Post:: Q2 GDP Growth Below Estimates

U.S. second quarter GDP increases at sluggish 1.2% annual rate    

By Greg Robb

Published: July 29, 2016 8:46 a.m. ET

WASHINGTON (MarketWatch) -- The U.S. economy grew at a tepid 1.2% annual rate in the second quarter, held down by a large decline in business investment, the Commerce Department said Friday. The second quarter gain was well below the 2.6% rate economists surveyed by MarketWatch had forecast. Adding to the sense of weakness, first quarter growth was also revised down to a 0.8% annual rate from the prior estimate of a 1.1% gain. Lackluster growth could derail the Federal Reserve's intentions to raise interest rates at a gradual pace. The weaker than expected growth could also make the economy a bigger issue in the presidential election campaign.

Source: http://www.marketwatch.com/story/us-second-quarter-gdp-increases-at-sluggish-12-annual-rate-2016-07-29?mod=BreakingNewsMain&link=sfmw_tw

 

Why would the US have a strong GDP when all partnering countries are struggling? HELLO??? The US economists must believe they are living on a huge island, oblivious to what is really happening around world !!

 

Infographic below from http://www.tradingeconomics.com/united-states/gdp-growth-annual/forecast