Financial Focus: So What If 2nd Quarter GDP is at 4.1%
Well, I am sure by now you heard the ramblings from TV, social media, radio, and of course our President: “Our economy is growing at 4.1 percent.” So what? There are many things you do not hear in those 30-second soundbites. One of them is that 4.1 percent represents, the second quarter of the year (April through June), not the whole year. What if I told you after you account for the first quarter of 2018, that 4.1 percent now gets averaged to three percent for six months? Now, don’t get me wrong. first half of the year growing at