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29 Jul 2011 12:50


Biz: GDP growth figures: Another crappy quarter of crappy results

  • 1.3% the rate of GDP growth the economy showed in its second quarter — which is pretty lame, by the way
  • 1.8% the projected rate economists projected in the second quarter; yeah, we missed that source
  • » One word — anemic. On top of all this drama, the rates for GDP growth in the first quarter was projected down to an even lower 0.4 percent growth. While this does not bode well for our recovery, it doesn’t mean we’ll necessarily have a double-dip. It just increases the chances of one.