New disappointing GDP numbers
Revised GDP numbers for the second quarter ? a key indicator of financial health for the country ? have just come out, and they are disappointing for those who hoped the U.S. was improving economically. Growth was cut sharply to 1.6 percent in the second quarter, and though the drop isn’t as bad as some economists feared, many are wondering if a double-dip recession is becoming a reality. What do the new numbers mean, and what can we do to improve our situation?
We’re joined by Charlie Herman, The Takeaway’s and WNYC’s economics editor, for more on the subject.
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