Economic Growth Rebounds in Q2

The first reading on 2017 Q2 Gross Domestic Product (GDP) rose 2.6 percent from 1.2 percent in Q1 bolstered by a 2.8 percent increase in consumer spending and a 0.7 percent rise in government spending. The first quarter was revised lower to 1.2 percent from 1.4 percent. GDP is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period.

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