ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Bailout Blogs -> Calculated Risk

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Bailout

: Calculated Risk

Q2: real annualized GDP growth slows to 2.4%

By Anonymous

ADVERTISEMENTS
From the BEA:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.4 percent in the second quarter of 2010, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.7 percent.
A few key numbers:

  • "Real personal consumption expenditures increased 1.6 percent in the second quarter, compared with an increase of 1.9 percent in the first."

    PCE is slowing.

  • Investment: Nonresidential structures increased 5.2 percent, in contrast to a decrease of 17.8 percent. Equipment and software increased 21.9 percent, compared with an increase of 20.4 percent. Real residential fixed investment increased 27.9 percent, in contrast to a decrease of 12.3 percent.

    Residential investment was boosted by the tax credit and will decline in Q3.

  • "The change in real private inventories added 1.05 percentage points to the second-quarter changein real GDP after adding 2.64 percentage points to the first-quarter change."

    That is probably the end of the inventory adjustment.

    And here is a summary of the revisions:

    QuarterGDPGDP RevisedChange
    2007-I 1.2%0.9%-0.3%
    2007-II 3.2%3.2%0.0%
    2007-III 3.6%2.3%-1.3%
    2007-IV 2.1%2.9%0.8%
    2008-I -0.7%-0.7%0.0%
    2008-II 1.5%0.6%-0.9%
    2008-III -2.7%-4.0%-1.3%
    2008-IV -5.4%-6.8%-1.4%
    2009-I -6.4%-4.9%1.5%
    2009-II -0.7%-0.7%0.0%
    2009-III 2.2%1.6%-0.6%
    2009-IV 5.6%5.0%-0.6%
    2010-I 2.7%3.7%1.0%
    2010-II 2.4% 

    The recession was worse in 2008 than originally estimated.

    Q1 2010 was revised up, but Q3 and Q4 2009 were revised down. So the recovery is a little weaker than originally estimated.

    I'll have some graphs soon.

    Full post as published by Calculated Risk on July 30, 2010 (boomark / email).

    Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
    Related Law Articles

    Lawsuits and Settlements

    Related Searches

























































































































  • US Law
    #1 Online Legal Resource













    Your Blog Subscriptions
    Subscribe to blogs

    10,000+ Law Job Listings
    Lawyer . Police . Paralegal . Etc
    Earn a law-related degree
    Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
    Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


    Practice Area
    Zip Code:

    Contact a Lawyer Now!






    0.0024 secs (from cache 11/06/26 05:00:58)