GDP: US Economy Grows at Solid 2.6% in Second Quarter

GDP Growth Rebounds in 2Q, Consumer Spending Up

But given the fact that the program has failed to advance in Congress, many economists have trimmed their expectations for growth this year, saying any boost from Trump's efforts will not likely show up until 2018.

The economy picked up in the second quarter after a lackluster start to the year as solid consumer spending more than offset weak business stockpiling and residential investment.

Andrew Hunter, US economist at Capital Economics, said: "Looking ahead, the strengthening labor market should continue to support real consumption growth, while the business surveys remain at a high level and suggest that investment will continue to recover".

Weakness in the first quarter that is followed by a stronger spring expansion has become a familiar pattern in recent years, prompting the government to launch a concerted effort to deal with flaws in the government's seasonal adjustment process. That improvement met analysts' expectations, but it leaves the U.S. economy chugging along in the same range of growth seen over the last two-plus years - acceptable but hardly spectacular.

The first look at Q2 Gross Domestic Product (GDP) growth - perhaps the main signifier of a growing economy - ratcheted up to 2.6%, putting the USA economy in 2017 pretty much exactly where we expected it: 2% growth (averaged in with the Q1 number).

Trump on Long Island Today at Suffolk College
Trump has compared MS-13's "meanness" to that of al-Qaida and has promised he would rid the country of it. Trump "wants people to do their jobs, not go beyond the scope of what they should do", Sanders said.

Markets recover some losses but end in negative
Dr Reddy's Laboratories slumped 4 percent after its Q1 profit dropped 57 percent on account of falling sales in the US and India. The stock has gained 6.1% since Friday, when it declared a better-than-expected 28% on-year growth in net profit in April-June.

Charlize Theron kicks spy ass in Atomic Blonde
The action isn't overly obnoxious but for fans of that genre there are enough bones breaking and blood splatter to make you proud. Leitch, a long time stuntman and coordinator himself, did not employ cheap camera tricks to hide his actors' shortcomings.

The U.S. economy gathered momentum during the first full quarter with President Trump in charge. On Wednesday, the central bank left rates unchanged following its latest meeting. Exports increased by 4.1% even after Q1's big upward swing of 7.3%, while imports increased at a slower pace (2.1%) over Q1 (4.3%).

Businesses continued to carefully manage their inventories in the second quarter but spent more in some places.

All of the changes boosted growth a slight 0.1 percentage point over the three-year period.

The 2.6 per cent increase in gross domestic product was in line with economists' forecasts and exceeded the 2.1 per cent growth rate in the final quarter of 2016.

Trade added 0.18 percentage point to growth, contributing to output for a second straight quarter. Average GDP growth during the period through the end of past year is now at 2.2 percent, up from 2.1 percent previously.


  • Pakistan Muslim League- Nawaz workers protest against Nawaz Sharif's disqualification

    Pakistan Muslim League- Nawaz workers protest against Nawaz Sharif's disqualification

    Former information minister Marryium Aurangzeb said that Sharif would make a comeback for the fourth time soon. The PM stepped down from his post "despite reservations", according to the PM house, reported Pakistani media.
    Trump Attacks Sessions, Accuses Ukraine Of 'Sabotage'

    Trump Attacks Sessions, Accuses Ukraine Of 'Sabotage'

    They've twice questioned Trump's son-in-law and are due to interview his eldest son-both of whom were present at that meeting. Mr Trump has called that investigation a " witch hunt " - as it broadens to include his tax returns and business dealings.
    SuperValu Inc. (NYSE:SVU) Shares Sold by Vanguard Group Inc

    SuperValu Inc. (NYSE:SVU) Shares Sold by Vanguard Group Inc

    The Target Price for Supervalu Inc (NYSE:SVU) is $5.22/share according to the consensus analysis of analysts working on the stock. On July 29 the company was upgraded from "Underweight" to "Equal-weight" and a price target of $9.00 was set by Morgan Stanley.
  • Showtime takes Stephen Colbert's animated Donald Trump segment to series

    Longing for his old life, Donald Trump has been holding rallies this week and riling up his base with his greatest hits. The untitled half-hour show, meant to riff on current events, is set to debut in the fall with a 10-episode order.
    Metal Detectors Removed from Controversial Holy Site in Jerusalem

    Metal Detectors Removed from Controversial Holy Site in Jerusalem

    In 2000, then Israeli opposition leader Ariel Sharon's visit there helped ignite the second Palestinian intifada, or uprising. Friday's main weekly Muslim prayers in Jerusalem - which typically draw thousands to Al-Aqsa - brought the dispute to a boil.
    JaVale McGee to Re-Sign With Golden State

    JaVale McGee to Re-Sign With Golden State

    Cleveland played college ball at Southeast Missouri State for four seasons, averaging 16.6 points, 5.1 rebounds and 2.2 assists. He transitioned into a full-time starting role by his third season in the league, but was traded midway through his fourth.
  • How to score a free, full-size lipstick Saturday

    How to score a free, full-size lipstick Saturday

    The only things you have to do are make sure to get there early, because there's no doubt lines will be unruly, and pick a color. On its Facebook page, the company posted: "Fans in the U.S. and Canada can stop into a MAC location on July 29 to participate".
    Foxconn deal would cost Wisconsin $230700 per worker

    Foxconn deal would cost Wisconsin $230700 per worker

    The investment so large, even the governor stumbled while explaining it inside the White House on Wednesday, July 26th. Foxconn is the biggest contract assembler of smartphones and other devices for Apple and other brands.
    Porsche ordered to recall 30000 cars over emissions cheating

    Porsche ordered to recall 30000 cars over emissions cheating

    He said the luxury auto maker would bear the cost of the recalls of the affected 3-liter Cayenne models . Emissions are much higher when the vehicle is on the road.
  • Cop Checks on Car After Accident, Gets Murdered

    Cop Checks on Car After Accident, Gets Murdered

    Allan had previously told a local newspaper that he wanted to be an officer ever since he was a child, according to the Star. A Southport (Indiana) police officer has been shot multiple times and is being hospitalized.
    Tiffany Haddish clarifies her controversial Bill Cosby comment

    Tiffany Haddish clarifies her controversial Bill Cosby comment

    Nearly immediately , the amusing lady was ROASTED on social media for making light of Cosby's rape allegations. Constand claims that Cosby drugged her and attacked her at his home in suburban Philadelphia.
    Air France-KLM acquires 31% stake in Virgin Atlantic

    Air France-KLM acquires 31% stake in Virgin Atlantic

    Also, Thursday, Air France-KLM announced that China Eastern would acquire a 10% share of its stock, just like Delta. Relative to the closing share price of 26th July 2017, the subscription price represents a 17% discount.


Latest news

Police departments to host National Night Out events August 1
Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism. This is an opportunity for the entire community to come together as one voice against crime in our neighborhoods.

Regular drinking can reduce risk of developing diabetes, study suggests
However, Public Health England advised consumers to be aware of the additional risks of consuming alcohol, not just diabetes . Responding to the study, the Alcohol Information Partnership was quick to stress the importance of drinking in moderation.

AMD's budget Ryzen 3 processors will start at $109, available today
Low-end Ryzen 3 chips and ultra-high-end Threadripper chips are launching soon, and laptops powered by Ryzen aren't yet available. We decided that if you want to compete in high performance processors, we needed to start from scratch and do a brand new design.

Scaramucci names Priebus in now-deleted tweet about leaks
This was not even the first odd phone conversation of Scaramucci's six-day-old tenure. It was released after a public records request by a Politico reporter.

Strong to severe thunderstorms possible through Friday
The strongest of these storms could produce locally damaging winds and flooding, forecasters warned. Overall, the heaviest rain is expected Friday afternoon into Friday night .

F1: Sebastian Vettel under pressure to maintain lead at Hungarian GP
I like the track, we know we have to do. "Without a doubt we hope it stays the way that it's swung this time but, as you know, a pendulum swings".

Larry David and Bernie Sanders just found out they're actually related
David was in rare form, shooting back at numerous questions asked of him with his typical brand of humor. I think I'm able to recognize that".

Blue Jays' Stroman, Martin, Gibbons ejected in same inning
The heartbreaking 8-4 loss is to be expected from the A's by this point, given their current (and perpetual) state of rebuilding. The Blue Jays fell behind by three runs in the top of the first inning but tallied a run of their own in the bottom half.

Los Angeles Football Club names Bob Bradley as its first coach
After serving as coach of the USA men's team, he went on to coach the Egypt national team and led teams in Norway and France. The 59-year-old Bradley has no players just yet on his new team, but he has a lengthy list of coaching accomplishments.

Can send Sanjay Dutt back to jail: Maharashtra government
During the last hearing, the state government filed a report about the furlough, parole and remission given to Dutt. The actor spent about 18 months in jail between 1994 and 1995 during the investigation and the marathon trial.

Trump insiders face congressional investigators as president mulls pardons
The panel previously had scheduled a hearing Wednesday and invited Trump Jr., Manafort and other witnesses. Adam Schiff, D-Calif., the top Democrat on House Intelligence, said on Sunday on CBS Face the Nation.

Warner Bros. launching Oscar campaign for Wonder Woman
Warner reportedly planning to launch a campaign to get Wonder Woman recognized at the Oscars . A Wonder Woman sequel will be released in 2019, Warner Bros has confirmed.

Rolls-Royce reveals eighth-generation Phantom
It gets a short front and long rear overhang, whichhelps it maintain the overall proportions of the Phantom. "The Embrace" has enhanced the sense of occasion and effortlessness of entering the new Phantom .

Neymar scores as Barcelona beat Manchester United 1-0
Jesse Lingard was the latest victim of Jose Mourinho's sarcasm as Manchester United prepare to sign off their US tour on a high. However, Ibrahimovic is very happy with United and sources believe the chances of him finishing the season with United are high.

Actor Ben Hawkey opens Game of Thrones inspired bakery
Which is why Game of Thrones bringing back Hot Pie - one of the few good hearted people who deserves to live - was such a joy. In a way, Arya checking in with Hot Pie was the best thing she could have done for herself.

Other news