Economic Growth Rises to More Healthy Levels

The Bureau of Economic Analysis reported on Thursday that the final reading on second quarter Gross Domestic Product (GDP) grew to a more healthy level of 3.1 percent, up from the anemic 1.2 percent recorded in the first quarter. It was the best reading since the 3.2 percent in the first quarter of 2015. GDP was boosted by stronger business and consumer spending.

Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period. It is considered the broadest measure of economic activity.

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