Economic Growth Doubles
High exports, booming consumer spending, and a retreat in gasoline purchases added up to a doubling of US Economic Growth in the second quarter of 2008.
For the quarter ending June 30, economic growth was measured at a 1.9% annual rate, marking over 17 consecutive years without the United States being in recession.
U.S. exports rose by 9.2%. Imports decreased 6.6%, marking a historic shift in US Trade balance.
Contrasting the economic results with the media coverage:
Jeannie Aversa at the AP tells us in the Tribune that the Economic rebound not as energetic as hoped in spring.