There are a lot of interesting details embedded in this number, specifically how strong consumer spending was.

I still have concerns about dwindling savings and increasing credit balances, as well as historically high APRs, but will worry about that another day.

I read the whole article and still did not get if it's the real value growth or nominal.

so 2.8% is "healthy" for the US, but 5.3% for China is a "disaster"...

This is bullshit. GDP includes government spending, and the government doesn't make anything besides debt.

Lower interest rates now to create more jobs