Another below average GDP report
by Guest Blogger, 7/31/2003
The Bureau of Economic analysis announced Real GDP grew at a 2.4% annual rate in the second quarter of 2003. This is below the 3.2% average over the past 10 years.
Unfortunately, if you take out federal spending on national defense, the economy only grew at a 0.7% rate.
Click the image below for a larger version:
