Thursday, July 31, 2003

This just in: Economy grew at a healthy 2.4% last quarter

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.

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

Right now, Paul Krugman is furiously re-writing tomorrow's column. Plan 'B' - back to the "quagmire."

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