VCG Monthly Review June 2015
Publication Date:
June 2015
PDF File:
Summary:
US first quarter real GDP declined at a 0.2% annualized rate (a.r.), according to the third estimate released by the Bureau of Economic Analysis (BEA). This is an improvement over the previous estimate of -0.7% as personal consumption and gross private domestic investment were stronger than prior reports. Real GDP has increased 2.9% year-over-year (YoY). Economists expect second quarter GDP growth to be in the 2% to 3% range.