Real GDP rose 4.1% in Q2; strong, investment-led growth in 2018 H2
Real GDP rose 4.1% at an annual rate in the second quarter. Over the last four quarters real GDP increased 2.8%, up from 2.6% on this basis in the prior quarter. On the comprehensive revisions, the five-year average growth rate of real GDP through the first quarter of 2018 was unrevised at 2.3%. The GDP deflator rose 3.2% in the second quarter with core PCE prices up 2.0% in the quarter and 1.9% year-over-year. Nominal GDP surged 7.4% in the second quarter and was up 5.4% over the last year.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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