Meanwhile, what does the continuing wave of negative reports for July and August, two months into the second half, say about the current forecast for second half growth of 2.8%, which would require a considerable pickup from second quarter growth, not worsening numbers?
") Alcoa set the tone for the second-quarter growth theme on Monday when it cited strong end-markets for its second-quarter growth. (See "Alcoa Mines Better Demand To Beat Street.
China reported second quarter growth of 7.6 percent, below market estimates of 7.8 percent.
So, it was a real disappointment when second quarter growth was reported a month ago as having been only 2.4%.
The report a month ago was that second quarter growth was even slower than sharply revised forecasts, coming in at only 2.4%.
They indicate that forward looking forecasts continue to be well behind the curve, and sharply lower revisions for second half growth are on the way.
Bulgaria: 2012 second quarter growth 0.5% , 2012 projection 0.5% .
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Unemployment is still high, the housing market has not recovered, consumer and investor confidence are both low, and second quarter growth was lower than first quarter growth under 2%.
But then the revised first-quarter numbers were 0.4% growth and the second-quarter GDP growth was 1%.
GDP, which measures the total value of all goods and services produced, grew 1.3 percent growth in the second quarter and 2 percent growth in the first quarter.
The first quarter numbers, I believe, were 0.4% GDP growth with the second quarter 0.9% growth.
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Relative to changing diets, population growth is the second most important factor in the growth in calories demanded by humans.
Over a year, the number of diners seated shows a spurt in the first and fourth quarters, moderate growth in the second quarter and negligible to negative growth in the third quarter.
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This week we will learn that second-quarter growth was higher than almost everyone expected.
Second quarter GDP growth of 10.3% lagged that of the first, when it jumped 11.9%.
Honda recorded the second-largest growth in the month, with a 62% rise to 30, 561 vehicles.
Economists estimated that this new data could trim nearly half a percentage point off second-quarter growth.
For sure, the second-quarter growth is still too little to see large expansions or expenditures.
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Despite a muted second quarter, growth for 2006 will clock in around 3.5%.
Of economists surveyed by Blue Chip Economic Indicators, 89% say worries about the fiscal cliff will hurt second-half growth.
And economists were beginning to lower their estimates of second quarter GDP growth.
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"This is a welcome second month of growth in the private sector of Scotland's economy following the winter downturn, " he said.
Retail sales increased by 5.3% in the year to the third quarter, the second-fastest growth in our table after America's 8.3% increase.
Second, nominal growth is essential to bring down the weight of debt.
And after a rare decline in nominal GDP--real GDP plus inflation--during the fourth and first quarters, we expect second-quarter growth rates to turn positive.
Outside of China and India (which this week reported 8.8% second-quarter growth compared with a year earlier), developing Asia remains heavily dependent on external demand.
Fueled in part by the growing tourism industry, the nation's GDP swelled by 7.1 percent in the third quarter of last year, Asia's second-fastest growth rate, bested only by China.
Taken together with new inventory and construction data, this means that the second-quarter growth figure may turn out to have been just 1.2%, rather than the first estimate of 2.4%.
"We did a lot of work 30 to 40 years ago, but now we see this as a second phase of growth, " says Patrick Fitzgibbon, who leads Africa development for Hilton.
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