The government is estimating U.S. GDP grew two percent for the past three months. The figure is better than economists had expected — but then again, they weren't expecting much.
The Dow vaulted back over 13,000 while Gross Domestic Product just treads water in the shallow end of the pool. What can we take away from the latest economic data?
Four times a year, the U.S. Department of Commerce serves up the big number that tells us how much we are producing as a country. U.S. second quarter GDP grew more than economists had expected. That doesn't make it good.
The Commerce Department announced Gross Domestic Product ticked up 1.5 percent in the second quarter. That's down from a growth rate of 2 percent in the first part of the year.