Comment on Second-Quarter GDP Shows The Real Pace Of U.S. Growth Remains Slow

Second-Quarter GDP Shows The Real Pace Of U.S. Growth Remains Slow

The Q2 GDP data effectively reflect what the payroll data have been indicating (once one moves to using moving averages of three-months or longer)--the real pace of growth has slowed and remains slow. Further, the gap between real GDP per capita and its trend line from 1966 to 1993 continues [...]

 

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