GDP Trends Signal Q2 Growth
August 19, 2008
Ron Haruni submits:
Economic growth can be analyzed from several vantage points, such as the growth rates of the various GDP components or their direct contributions to growth. In this short piece we intend to focus primarily at component contributions to real GDP for the second quarter (Q2), fiscal ‘08.
This is partly because the trends (despite each measure exhibiting advantages, and certain weaknesses as well) more importantly provide significant clues about the outlook for Q2/GDP ‘08, which we think will post growth of about 2% annual rate.
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