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GDP up in 2nd quarter, but insufficient wage gains may continue to limit growth
GDP TICKS UP
GDP up 2.3% in second quarter.
Bloomberg:
“Gross domestic product rose at a 2.3 percent annualized rate, and a revised 0.6 percent advance in the first quarter wiped out a previously reported contraction, Commerce Department data showed Thursday in Washington … The economy has moved beyond some of the early 2015 constraints including weather and port delays, while cooling global markets, a strong dollar and insufficient wage gains may continue to limit growth.”
http://www.bloomberg.com/news/articles/2015-07-30/u-s-economy-picked-up-in-second-quarter-after-better-2015-start
