Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Monday, July 25, 2011
2nd Quarter GDP Estimates
This graph shows the quarterly GDP growth (at an annual rate) for the last 30 years.
The consensus is that real GDP increased 1.8% annualized in Q2. The estimate for Q2 is in blue.
Back-to-back weak quarters and a sluggish and choppy recovery ...