U.S. Economy Beats Expectations
Click here for reuse options!In its initial estimate for the second quarter, the government cited major gains in inventories for private businesses as well as exports and personal consumption spending that added to the growth. Economists, who had been hoping for a full reversal of the first quarter’s decline, were thrilled with the second quarter’s numbers. The consensus forecast for G.D.P. was 3 percent.
“Fantastic,” Douglas Handler, chief United States economist for IHS Global Insight Analysis, said of the second-quarter G.D.P. increase, which further cemented views that the decrease in America’s overall output during the first quarter was most likely a fluke tied in large part to unusually stormy winter weather and other anomalies. Any dip in gross domestic product outside an official recession is considered rare.
Copyright 2014 Liberaland
30 responses to U.S. Economy Beats Expectations
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M A G July 30th, 2014 at 12:23
“The economy grew at 4% in the first quarter of 2014, exceeding expectations.”
Is this supposed to say second quarter or was the first quarter revised again?
Carla Akins July 30th, 2014 at 12:31
Yep, it should be 2nd quarter.
Anomaly 100 July 30th, 2014 at 12:51
Thanks for the heads up!
M A G July 30th, 2014 at 12:53
I’m OCD that way :)
MIAtheistGal July 30th, 2014 at 12:23
“The economy grew at 4% in the first quarter of 2014, exceeding expectations.”
Is this supposed to say second quarter or was the first quarter revised again?
Carla Akins July 30th, 2014 at 12:31
Yep, it should be 2nd quarter.
Anomaly 100 July 30th, 2014 at 12:51
Thanks for the heads up!
MIAtheistGal July 30th, 2014 at 12:53
I’m OCD that way :)
Carla Akins July 30th, 2014 at 12:31
The company I work for released their 2nd quarter report this morning. Revenue increased 12% and the operating profit grew 29% over last year. They did so well, they’ve increased their end of the year projections.
M A G July 30th, 2014 at 12:54
My compan also had a great second quarter! Only thing that screwed in Q1 were the snowstorms.
Carla Akins July 30th, 2014 at 12:31
The company I work for released their 2nd quarter report this morning. Revenue increased 12% and the operating profit grew 29% over last year. They did so well, they’ve increased their end of the year projections.
MIAtheistGal July 30th, 2014 at 12:54
My compan also had a great second quarter! Only thing that screwed in Q1 were the snowstorms.
neworleans878 July 30th, 2014 at 12:47
The numbers for the first quarter are completely believable, as they show a decline.
The numbers for the second quarter were probably cooked by the White House.
/s
nola878 July 30th, 2014 at 12:47
The numbers for the first quarter are completely believable, as they show a decline.
The numbers for the second quarter were probably cooked by the White House.
/s
Obewon July 30th, 2014 at 12:59
Good news for America is always bad news for repubs. U.S. Record $16.2 trillion GDP grew +4% in Q2. “The consensus forecast for G.D.P. was +3%.”-average annual growth. August, 2014’s 54 consecutive months of private jobs expansion ties the Clinton record. Forward!
Obewon July 30th, 2014 at 12:59
Good news for America is always bad news for repubs. U.S. Record $16.2 trillion GDP grew +4% in Q2. “The consensus forecast for G.D.P. was +3%.”-average annual growth. August, 2014’s 54 consecutive months of private jobs expansion ties the Clinton record. Forward!
ChrisVosburg July 30th, 2014 at 13:41
Don’t get me wrong, I like drugs as much as the next dirty hippie, but the piggy bank seems to be sitting on a bed of brightly colored prescription medications.
Am I hallucinating (again!), or is this somehow tied into the story?
ChrisVosburg July 30th, 2014 at 13:41
Don’t get me wrong, I like drugs as much as the next dirty hippie, but the piggy bank seems to be sitting on a bed of brightly colored prescription medications.
Am I hallucinating (again!), or is this somehow tied into the story?
William July 30th, 2014 at 14:05
CURSE YOU SOCIALIST OBAMA!
William July 30th, 2014 at 14:05
CURSE YOU SOCIALIST OBAMA!
granpa.usthai July 30th, 2014 at 14:29
IT’s ALL OBAMA’S FAULT!
the Congressional Records PROVE IT!
IMPEACH OBAMA!
He’s directly opposing the Constitutional Republican Controlled Congress!!!
The ‘Merikun peoples don’t want no stinking improved economies when we got a Hawaiian in thu WHITE House!
granpa.usthai July 30th, 2014 at 14:29
IT’s ALL OBAMA’S FAULT!
the Congressional Records PROVE IT!
IMPEACH OBAMA!
He’s directly opposing the Constitutional Republican Controlled Congress!!!
The ‘Merikun peoples don’t want no stinking improved economies when we got a Hawaiian in thu WHITE House!
peacedreamer August 4th, 2014 at 03:24
Interest rates for loans & credit cards? Consumer prices? Housing? Insurance premiums?
Glad for the good news but it seems that unless there is a containment or stabilization of constant increases in consumer expenses the most important measure (standard of living) still sucks for most people.
peacedreamer August 4th, 2014 at 03:24
Interest rates for loans & credit cards? Consumer prices? Housing? Insurance premiums?
Glad for the good news but it seems that unless there is a containment or stabilization of constant increases in consumer expenses the most important measure (standard of living) will still suck for most people.
peacedreamer August 4th, 2014 at 03:35
I suspect this improvement will be short lived unless multi corps decide they love Americans more than perpetuating their empires.
Oh, I forgot, they think America is “exceptional.”
Is this newspeak for, we take our $ everywhere except America (to avoid paying taxes?)
Yup, that’s exceptionalism. Wait til Monsanto figures out that they can make even more money growing pot… or did I miss that they already have?
peacedreamer August 4th, 2014 at 03:40
Switched to Yo Yo Ma…even sadder. Gotta go to You Tube & find someway to meditate I know you’ll understand.
peacedreamer August 4th, 2014 at 03:35
I suspect this improvement will be short lived unless multi corps decide they love Americans more than perpetuating their empires.
Oh, I forgot, they think America is “exceptional.”
Is this newspeak for, we take our $ everywhere except America (to avoid paying taxes?)
Yup, that’s exceptionalism. Wait til Monsanto figures out that they can make even more money growing pot… or did I miss that they already have?
Not sure if this is relevant but I listen to Perlman play Swan Lake, OP: as I write.
peacedreamer August 4th, 2014 at 03:40
Switched to Yo Yo Ma…even sadder. Gotta go to You Tube & find someway to meditate I know you’ll understand.
peacedreamer August 4th, 2014 at 03:43
Thanks for trying Mr. Big BO. Hope you get some time to cuddle your doggie & kids. Warms my heart when you smile.
peacedreamer August 4th, 2014 at 03:43
Thanks for trying Mr. Big BO. Hope you get some time to cuddle your doggie & kids. Warms my heart when you smile.