[Marxism] Economic Policy Institue's "GDP Picture 7-27-07"

["John A Imani" <johnaimani@xxxxxxxxxxxxx>]

Summation"

"Given the revisions going back to 2004, it is worth examining how the current 
recovery compares to other recent recoveries. The Chart shows average annual 
growth in GDP and its components in the current recovery and previous 
recoveries that lasted six years. The overall picture is a recovery that is 
relatively weak in GDP terms, and only near historic norms in growth in 
consumption and government spending.  (JAI: And extremely poor showing in 
investment.)

This quarter's GDP data, while better than the anemic growth in the first 
quarter (the slowest growth since the last quarter of 2002), provide little 
reason to be complacent about the economy going forward, especially given the 
continuing drag that a cooling housing market will place on the economy. Again, 
net exports will be a key variable to watch, as domestic demand seems unlikely 
to provide enough stimulus to keep the economy moving forward at normal growth 
rates."

For Full and Chart 
http://www.epi.org/printer.cfm?id=2763&content_type=1&nice_name=webfeatures_econindicators_gdppict_20070727
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