from Hacker News

US economic growth increased last quarter to a healthy 2.8% annual rate

by washedup on 7/25/24, 2:21 PM with 32 comments

  • by washedup on 7/25/24, 2:26 PM

    There are a lot of interesting details embedded in this number, specifically how strong consumer spending was.

    I still have concerns about dwindling savings and increasing credit balances, as well as historically high APRs, but will worry about that another day.

  • by lostmsu on 7/26/24, 1:49 AM

    I read the whole article and still did not get if it's the real value growth or nominal.
  • by dinkblam on 7/25/24, 2:26 PM

    so 2.8% is "healthy" for the US, but 5.3% for China is a "disaster"...
  • by wakawaka28 on 7/26/24, 3:00 AM

    This is bullshit. GDP includes government spending, and the government doesn't make anything besides debt.
  • by throwint on 7/25/24, 2:32 PM

    Lower interest rates now to create more jobs