- Economics July 30
The BLS' first measurement of Q2 GDP growth is out — and it brings two pleasant surprises.
The economy expanded at a 4 percent annualized rate, significantly above the 3 percent rate that economists had expected.
And first quarter GDP — which had been shown to have contracted at a 2.9 percent annualized rate, a slip mostly attributed to unseasonably bad weather — was revised from new data to have only contracted at 2.1 percent.
So, strong second quarter growth more than made up for the first quarter setback, setting the stage for strong overall 2014 growth and a continued recovery.- - John Aziz
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. Marines are developing laser weapons. Here's why.
- 10 things you need to know today: October 21, 2014
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Why the Supreme Court is allowing Texas to hold an unconstitutional election
- The one thing the New Atheists get right about religion
- Paul Krugman, Amazon, and the left's backwards view of book-industry titans
- How 1,000-year lifespans could remake the economy
Subscribe to the Week