Comments | the_recession: Q2 GDP from Reuters

darksumomo in the_recession

Q2 GDP from Reuters

Jul 31, 2010 15:04

Reuters: Imports slow Q2 growth as business spending surges
By Lucia Mutikani
WASHINGTON | Fri Jul 30, 2010 5:06pm EDT

U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010 ( Read more... )

coincident indicators, recoveries, growth recessions, inventory corrections, consumer confidence, gdp, national economic update

Comments 1

cieldumort July 31 2010, 22:29:33 UTC

Another factor pointing to anemic growth in coming quarters was a big rise in inventories. Against a backdrop of tepid consumer demand, the increase implied businesses probably have too much stock on their shelves and in their warehouses.

Yep yep. And as you know, this is a classic, textbook even, precursor to many a recession.