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Analysis

Q2 2010 U.S. GDP: U.S. Economy Slowing to a Stall

By Prajakta Bhide and Christian Menegatti

EXECUTIVE SUMMARY

Revised estimates from the U.S. Bureau of Economic Analysis (BEA) showed that the U.S. economy grew 1.6% q/q in Q2 2010—well below the advance estimate of 2.4%. The revision reflects lower-than-expected inventory accumulation. However, growth in final sales—GDP less inventory accumulation—was also revised down to 1% from the…

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