GDP Grows at 2% in 3rd Quarter

Happy days are here again.  That is if you are fine with European growth rates.

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.0 percent in the third quarter of 2012 (that is, from the second quarter to the third quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.3 percent. Read more….

Average the 3rd quarter with the second quarter, and in essence, this economy is anemic.



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