Big fall in GDP

[DimPrawn]

U.S. Economy Grew a Less-Than-Forecast 1.2% in Second Quarter @ Forex Factory

The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand. Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter, Commerce Department figures showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent second-quarter increase.

Brexit is to blame. It's destroying the World and causing a massive crash.

Nothing to do with money printing, negative interest rates, asset bubbles and falling incomes I'm sure...

[GB9]

Interesting that our GDP grew in the same period, despite Brexit. Shows things are slowing down everywhere else regardless.

[FatLazyContractor]

Interesting that our GDP grew in the same period, despite Brexit. Shows things are slowing down everywhere else regardless.

Glad to see that you found your excuse for the day. Come back tomorrow with more excuses news.

[GB9]

Glad to see that you found your excuse for the day. Come back tomorrow with more excuses news.

I don't need excuses. Theirs is 1.2, ours is 2.2.

Edit: sorry, they have an extra 1.2 girlies, we have an extra 2.2 girlies. Put in language you understand!

[Old Greg]

Interesting that our GDP grew in the same period, despite Brexit. Shows things are slowing down everywhere else regardless.

When did this period start and end?

[GB9]

When did this period start and end?

Q2.

[Old Greg]

Q2.

If it ended on 30 June, it is unlikely to be seriously affected by a vote on 23 June, is it?

[Eirikur]

These are all pre brexit figures, so the real hit will come in 3 months time. Biut Brexiteers keep telling themselves it all looks fine. Sleep well.

[OwlHoot]

If it ended on 30 June, it is unlikely to be seriously affected by a vote on 23 June, is it?

I'm sure it was you who said that some other downturn earlier in the year was caused by uncertainty over Brexit.

(Or it may have been someone else commenting in the lastest House Price Index thread.)

Basically, for a Remainer, whatever the question about some apparent or actual deterioration, Brexit or its anticipation is the answer!

[Old Greg]

I'm sure it was you who said that some other downturn earlier in the year was caused by uncertainty over Brexit.

If you are sure, please provide the link.