US GDP Reaches Highest Level Ever at $19.25 Trillion – Up 3.1% in Second Quarter
Guest post by Joe Hoft
The Second Quarter US GDP grew by 3.1% . According to FOX News:
Gross domestic product increased at a 3.1 percent annual rate in the April-June period, the Commerce Department said in its third estimate on Thursday. The upward revision from the 3.0 percent pace of growth reported last month reflected an increase in inventory investment.
Growth last quarter was the fastest since the first quarter of 2015 and followed a 1.2 percent pace of growth in the January-March period. Economists had expected that second-quarter GDP growth would be unrevised at a 3.0 percent rate.
According the Bureau of Economic Analysis the US GDP grew to an astounding $19.25 Trillion. This is the highest GDP in US history.
The Stock Market at All Time Highs! GDP at All Time High! More Jobs than Ever Before!
Winning! Winning! Winning!