Second Quarter GDP Preview

After a seasonally weak first quarter, expectations have been ramping up for the U.S. economy, which is now in the midst of its longest expansion since World War II. The first look at real gross domestic product (GDP) for the second quarter will be released Friday, July 27, and economists are expecting it to be the strongest reading in years. The median Bloomberg-surveyed economist forecast is for GDP growth is 4.0%, which, if realized, would be the largest quarterly increase since 5.2% growth in the third quarter of 2014.

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