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JEC Chairman Lee on Second Quarter GDP Growth

Today, Sen. Mike Lee (R-UT), Chairman of the Joint Economic Committee, released the following statement on the Bureau of Economic Analysis’ GDP growth estimate for the second quarter of 2019: 

GDP grew at 2.1% in the second quarter, beating expectations though slowing from last quarter’s 3.1% rate. The increase confirms other economic data showing we have matched the longest economic expansion on record, quarter for quarter.  The annual GDP revisions also show that growth in 2017 was stronger than the original estimate—2.4%, revised up from 2.2%.


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