From CNN Money:
NEW YORK (CNN/Money) - The pace of U.S. economic growth improved in the second quarter of 2003, the government said Thursday, coming in much stronger than economists expected.Right now, Paul Krugman is furiously re-writing tomorrow's column. Plan 'B' - back to the "quagmire."
Gross domestic product (GDP), the broadest measure of economic activity, grew at a 2.4 percent annual rate in the quarter after growing at a sluggish 1.4 percent rate in the first quarter, the Commerce Department reported. Economists, on average, expected GDP growth of 1.5 percent, according to a Reuters poll.