Fox Business claims quarterly economic report showing strong growth is “fairy-tale numbers”
GDP grew 2.8% in the second quarter of the year, beating expectations
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From the July 25, 2024, edition of Fox Business' Mornings with Maria Bartiromo
MARIA BARTIROMO (HOST): The GDP at 2.8%, you have to believe we're going to see a revision there, right?
REBECCA WALSER (GUEST): Yes. [LAUGHTER]
BARTIROMO: Is that what you were going to say? Are we going to see a revision on second quarter GDP, Rebecca?
WALSER:I've seen the most optimistic, fairy-tale numbers I've ever seen in my life in this. I just don't understand. Come on, we are not going at 2.8% annualized, that's not hhappening. And this is going to be revised downward. I mean, what is bringing it up so much, Cheryl? Why is it 2.8? What is bringing this number so high unexpectedly, when durable goods are down 6.6? No, I'm sorry, I have to look at that.