- 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
- 10 things you need to know today: October 30, 2014
- Beware of Splenda: The backlash against artificial sugars
- 43 TV shows to watch in 2014
- For Democrats, the right lesson from 2014 is to be more liberal
- How to live a long life, according to science
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 6 things the happiest families all have in common
- Sorry, we will not all be having sex with robots in the future
- Yes, the Federal Reserve is politicized — and that's a good thing
- 13 Urban Outfitters controversies
Subscribe to the Week