Strong retail sales report suggests robust economic growth in the second quarter
U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter. May's rise in retail sales was the largest since September 2017. Economists polled by Reuters had forecast retail sales rising 0.5 percent in June. Retail sales in June increased 6.6 percent from a year ago. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.
What if economic growth isn't as positive as you think?
as informed in When Donald Trump says "Make America Great Again," he's alluding, at least in part, to the promise of economic growth. Just as when Bill Clinton said, "it's the economy, stupid," he was really saying that "it's about economic growth, stupid." This is the Golden Promise of politics: more economic growth. advertisementEqually obvious is the knowledge that no economic growth is a bad thing. That say, yes, all other things being equal, economic growth is a positive thing. There's no such thing as a free lunch, and, for all its positives, economic growth has a dark side; its ecological impact.collected by :Donald Luther