According to the BEA press release: The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.3 percent in the second quarter of 2012 (that is, from the first quarter to the second quarter), according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. This was revised down from 1.7 percent. You need 2.5 percent or so … Continue reading GDP Growth Under 2 Percent