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The media claims that the economy grew at a rate of 3.4% in 2Q.

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AX10 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-29-05 03:51 PM
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The media claims that the economy grew at a rate of 3.4% in 2Q.
Now what was the inflation rate for the second quarter (2Q)?
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teryang Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-29-05 03:58 PM
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1. Maybe it's all new homes and condos
Because a lot of businesses around here are shutting their doors permanently.
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93ncsu Donating Member (91 posts) Send PM | Profile | Ignore Fri Jul-29-05 05:53 PM
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2. The number reported today
was with inflation factored in.

They never quote nominal GDP in the press or the financial industry. It's always the Real GDP number.

Bloomberg has a good analysis at http://quote.bloomberg.com/apps/news?pid=10000006&sid=aJkcA9dxrV8Q&refer=home
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