{"id":181325,"date":"2016-07-29T17:28:00","date_gmt":"2016-07-29T22:28:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/07\/29\/economy-grew-at-less-than-%c2%bd-of-forecasts-in-q2\/"},"modified":"2016-07-29T17:28:00","modified_gmt":"2016-07-29T22:28:00","slug":"economy-grew-at-less-than-%c2%bd-of-forecasts-in-q2","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/07\/29\/economy-grew-at-less-than-%c2%bd-of-forecasts-in-q2\/","title":{"rendered":"Economy Grew at Less Than \u00bd of Forecasts in Q2"},"content":{"rendered":"<p><a href=\"http:\/\/i.imgur.com\/Ga0EdOs.gif\"><img decoding=\"async\" src=\"http:\/\/i.imgur.com\/Ga0EdOs.gif\" width=\"500\" \/><\/a><\/p>\n<p>Forecasts were generally at a 2.5% annual rate, and the <a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-07-29\/u-s-economy-grew-a-less-than-forecast-1-2-in-second-quarter\">actual rate was 1.2%<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span> <span style=\"color: blue;\">Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter, Commerce Department figures showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent second-quarter increase.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span> <span style=\"color: blue;\">The report raises the risk to the outlook at a time Federal Reserve policy makers are looking for sustained improvement. While consumers were resilient last quarter, businesses were cautious &#8212; cutting back on investment and aggressively reducing stockpiles amid weak global markets, heightened uncertainty and the lingering drag from a stronger dollar.<\/span><\/p><\/blockquote>\n<p>So it&#8217;s 3 months until the general election, and the economy is slowing down.<\/p>\n<p>Lovely. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forecasts were generally at a 2.5% annual rate, and the actual rate was 1.2%: The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand. Gross domestic product rose at a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,977,1089,992],"tags":[],"class_list":["post-181325","post","type-post","status-publish","format-standard","hentry","category-economy","category-presidential-campaign","category-recession","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181325"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=181325"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181325\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=181325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=181325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=181325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}