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United States
Publication year - 2018
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12379
Subject(s) - economics , pace , investment (military) , consumer spending , real gross domestic product , rose (mathematics) , monetary economics , agricultural economics , international economics , macroeconomics , geography , recession , political science , mathematics , geodesy , politics , law , geometry
Real GDP grew by 4.2% on an annualised basis in Q2, its strongest performance since Q3 2014. Final sales rose 5.4%, while inventories subtracted 1.1 ppt from GDP growth. Rebounding consumer spending, another strong advance in business investment and a large contribution from net trade drove the solid quarterly gain. GDP growth rose to 2.9% y/y – the fastest pace since mid‐2015.
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