Web
Analytics

SHOCKING: U.S.FALLS FAR SHORT Of Second-Quarter GDP Growth Projections

The American economy was literally shut down. We should be breaking all records and forecasts. But the Democrats have imposed economy and freedom killing restrictions on us all. Communist China, who dropped the COVID bio-weapon , is doing gangbusters. Thanks to the Democrats.
We’ve been overthrown.

Quick note: Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. We will not waver. We will not tire. We will not falter, and we will not fail. Freedom will prevail.

Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.

Follow me on Gettr. I am there, click here. It's open and free.

Remember, YOU make the work possible. If you can, please contribute to Geller Report.

U.S. Falls Far Short Of Second-Quarter GDP Growth Projections

The American economy missed second-quarter GDP growth projections by a significant margin.

By Daily Wite, July 29, 2021:

According to data released by the Department of Commerce on Thursday, the annualized GDP growth rate rose to 6.5% between April and June of this year. Although improving from 6.3% in the first quarter of 2021, the metric fell short of the 8.4% Dow Jones estimate.

According to a press release from the Bureau of Economic Analysis:

The second-quarter increase in real GDP reflected increases in consumer spending, business investment, exports, and state and local government spending that were partly offset by decreases in inventory investment, housing investment, and federal government spending. Imports, a subtraction in the calculation of GDP, increased.

The increase in consumer spending reflected increases in services (led by food services and accommodations) and goods (led by other nondurable goods, notably pharmaceutical products).

The increase in business investment reflected increases in equipment (led by transportation equipment) and intellectual property products (led by research and development). 

CNBC notes that investment and savings rates dropped in the second quarter:

 

Have a tip we should know? Your anonymity is NEVER compromised. Email tips@thegellerreport.com

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Pin It on Pinterest