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Gross domestic income still growing modestly [ClearOnMoney]

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Gross domestic income still growing modestly

5 Sep 2013 by Jim Fickett.

Last month the Bureau of Economic Analysis reported gross domestic income through Q2. As of Q2, the year-over-year growth rate was 2.7%. This is neither low enough to suggest we worry about a recession coming on, nor high enough to support headlines over the last few months about a strengthening economy. In fact what is most notable about the GDI data is how steady growth has been since the great recession.