Economic productivity is high and thriving
Picerno 7/6 [James; Writer for Investing.com; "U.S. Economy on Track for Expansion in Q2"; Investing; https://www.investing.com/analysis/us-economy-on-track-for-expansion-in-q2-200639726;]//LASA-بيلال
Second-quarter economic activity has picked up for the US, based on the median estimate via several sources compiled by CapitalSpectator.com. The firmer nowcast offers fresh support for expecting that the US economy will extend a moderate expansion into Q2 in the official quarterly report that’s scheduled for release later this month.
Growth is on track to rise 1.9% (seasonally adjusted annual rate for GDP) for the April-through-June period, according to the median nowcast. The projection is fractionally below the 2.0% increase in Q1. The Bureau of Economic Analysis will publish its initial Q2 estimate for GDP on July 27.
US Real GDPUS Real GDP
Today’s revised Q2 nowcast for a 1.9% rise marks a substantial improvement over the previous 1.3% median estimate published on June 20.
Some analysts have revised economic expectations higher recently. Ed Yardeni, who heads the eponymous Yardeni.com, tells CNBC that the US economy has shifted from a “rolling recession” to a “rolling recovery.”