GDP bounced back in the second quarter
Posted on AllSides July 30th, 2014
From The Left
Anyone who was worried by that nasty first-quarter GDP report can breathe easy.
The economy grew at a strong 4.0 percent annual pace in the second quarter, the Commerce Department reported Wednesday. The report shows that the economy bounced back readily from a weak first quarter, in which real GDP shrank at an annual rate of 2.1 percent, according to revised estimates.
The report also shows the economy grew far more quickly than expected. Economists surveyed by Bloomberg had
