Economic Growth and Vice President Kamala Harris

SOURCE www.washingtonexaminer.com
The GDP growth in the second quarter was revised up to a strong 3% annual rate, which is good news for Vice President Kamala Harris. The economy has shown underlying strength despite concerns about inflation and a weakening labor market.

Key Points

  • Revised GDP growth rate of 3%
  • Underlying strength in the economy
  • Inflation falling to 2.9%

Pros

  • Revised GDP growth rate of 3% in the second quarter
  • Underlying strength in the economy
  • Inflation falling to a more manageable level

Cons

  • High inflation causing economic discontent
  • Weakening labor market despite resilient performance