U.S. GDP Grows 2.6 Percent, More Than Double Q1

INC. ^ | 07/28/2017 | By Martin Crutsinger AP Economics Writer

[SeekAndFind]

The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief.

[yuleeyahoo]

This just shows that Obama’s policies are finally delivering. /s

[Parley Baer]

GO TRUMP GO MAGA

[ProtectOurFreedom]

You got it! Obama, the economic genius! We all knew his fantastic work would eventually pay off. Who is the guy in the White House now? I can’t recall his name.

[Jeff Chandler]

But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief.

Seriously? How long has President Trump been in office?

[t4texas]

Annualized based on that quarter alone yields an annual rate of 10.4%. Not too shabby.......

[Puppage]

Come on now...it’s all shovel ready.

[oincobx]

>>>Annualized based on that quarter alone yields an annual rate of 10.4%.

The reported number of 2.6% is already an annualized growth rate.

[dsrtsage]

Obama’s summer of recovery has finally arrived

[ProtectOurFreedom]

If it were 2.6% per quarter, that would be an annualized 10.8%, not 10.4%.

1.026^4 = 10.8. Not 2.6 * 4

But, as oincobx says, the 2.6% is already an annualized number.

[nikos1121]

Isn’t that the annualized rate?

[ConservaTeen]

Thank you President Trump...

[hawg-farmer - FR..October 1998]

Obamas’ Fault... hehe

[NohSpinZone]

Revised UP to 3.0% today. Not tired of this kind of winning. MAGA.