US economy grows 2.1% in 2nd quarter; overall GDP increases to $21.34 trillion

[F-22Raptor]

Real gross domestic product(GDP) increased at an annual rate of 2.1 percent in the second quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.

Current-dollar GDP increased 4.6 percent, or $239.1 billion, in the second quarter to a level of $21.34 trillion. In the first quarter, current-dollar GDP increased 3.9 percent, or $201.0 billion (table 1 and table 3).

https://www.bea.gov/news/2019/gross...arter-2019-advance-estimate-and-annual-update

 

[F-22Raptor]

The US economy is still performing great!

 

[MrSato1]

The US economy is still performing great!

Real gross domestic product(GDP) increased at an annual rate of 2.1 percent in the second quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.

Current-dollar GDP increased 4.6 percent, or $239.1 billion, in the second quarter to a level of $21.34 trillion. In the first quarter, current-dollar GDP increased 3.9 percent, or $201.0 billion (table 1 and table 3).

https://www.bea.gov/news/2019/gross...arter-2019-advance-estimate-and-annual-update

That is not how GDP works, you US cannot have a 21 trillion dollar gdp as of the second quarter of 2019, that would mean that the next two quarters would make the total gdp for this year over 40 trillion.
the GDP of the US as of the end of the second quater is probably arouns 10-11 trillion and will be 21-22 trillion at the end of the year!

 

[Type59]

The US economy is still performing great!

Still you have a trillion dollar budget deficit, despite consistent growth. Trump has stimulated the economy on the short term, he does not care about the future.

 

[Yaseen1]

This rate of growth is very low it should be around 5 percent

 

[Skull and Bones]

This rate of growth is very low it should be around 5 percent

Why and how?

 

[Yaseen1]

china growth rate is around 6 percent so u.s rate should be near that

Why and how?

 

[oprih]

Lol China did 6.2%. Btw real gdp growth of murica is more or less 0%, the 2% figure is the one faked by the murican mathematicians/economists lol.

 

[Globenim]

lol if that were Chinas numbers we all know their news would read something like "Chinas economic growth cooling down amidst tadewar, GDP growth slows down nearly 40% year on year and down 30% quarter on quarter after effects of stimulus fade off" and all the U.S. fanboys would be clapping and chanting for Chinas impending collapse again.

 

[Menthol]

USA economy growth is mostly because of the stock market.

I think China should adopt it too.

Creating money out of the thin air, and use it to invest heavily in manufacturing, infrastructure, and research.

Instead of floating the real estate price that crucial to people's live.

 

[vi-va]

USA economy growth is mostly because of the stock market.

I think China should adopt it too.

Creating money out of the thin air, and use it to invest heavily in manufacturing, infrastructure, and research.

Instead of floating the real estate price that crucial to people's live.

The US stock market driven economy has huge side effects. China development must be inclusive, not profit driven.

If China go US route, we will have a boosted market as well as many slumdogs, like India, Brazil and many other South America countries.