One Point Five Percent

by Patrick Brennan

That’s the annualized rate at which the U.S. economy grew in the second quarter of this year, according to the BEA’s report this morning. This is a noticeable slowdown, from 2.0 percent last quarter. Stall speed?

(It should be noted, though, that these numbers are often revised substantially; they’re often off by a percentage point or more. Today the Q1 number was revised up from 1.9 percent to 2.0; the first estimate on that number had been 2.2.)