Real Wealth Weaker than GDP Stats Show

US real gross domestic product (GDP) grew faster than initially thought in Q2. GDP expanded at a 3.7 percent annual rate during the second quarter, instead of the 2.3 percent rate reported for the quarter last month. The annual change for the first quarter was also revised up to 0.6 percent for Q1. Most experts, in response to these figures, are now arguing that the US economy is strengthening visibly.