08-27-2008
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| Jr. Member
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Rep Power: 23 | |  The economic growth mirage
NEW YORK (CNNMoney.com) -- Despite all the talk about the U.S. economy falling on hard times this year, experts are predicting that the economy grew at a more solid pace during the second quarter.
The government will release an update to the second-quarter gross domestic product report Thursday. Economists surveyed by Briefing.com are forecasting an increase of 2.7% in the quarter, up from the 1.9% growth first reported last month. The GDP is the broadest measure of the nation's economic activity.
Economic growth between 2.5% and 3.5% is typically viewed as the norm for a healthy economy.
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