Innovest's June Market Commentary
The most recent economic data point to a continuation of the “plow horse” economy of the last few years: slow but steady growth for the U.S. GDP growth here at home remains anything but impressive. The Commerce Department amended its Q1 estimate for the growth of the U.S. economy, now calculating an annual growth rate of 1.8%, down from a previous estimate of 2.4%. For the year, most Wall Street economists still project the economy to grow in the 2% range. While the U.S. appears to be in better shape than many countries in Europe and the developing world, conditions are by no means ideal.
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