GDP: Q2 2018

Q2 2018 GDP.png

We have received several questions recently about the US economy in light of the "trade wars" and whether it is headed for a recession. GDP data for Q2 2018 was released this morning and it reaffirmed that there is no economic slowdown in sight. The report was a bit below expectations and there is some concern that some sales and economic activity was pulled forward from Q3 into Q2 (in anticipation of tariffs), but it was still a solid report and within the post-recession range that we've witnessed for nearly 10 years now. Have a great weekend!