The Patriot Post® · Second Quarter GDP Grew 2.5%

The U.S. Department of Commerce reports, “Real gross domestic product – the output of goods and services produced by labor and property located in the United States – increased at an annual rate of 2.5 percent in the second quarter of 2013 (that is, from the first quarter to the second quarter), according to the ‘third’ estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.1 percent.”

Unfortunately, growth in the third quarter is expected to slow once again. And as ObamaCare really kicks in, we can see why. If this were a real recovery, GDP would be growing at 4%, not stuck in neutral between 1% and 2%.