Real GDP Rises 2.8 Percent in Advance Estimate, What About Recession?

GDP rose 2.8 percent in the BEA’s 2024 Q2 advance estimate. The real final sales estimate is 2.0 percent. Expect major negative revisions. Gross Domestic Product (GDP) and Gross Domestic Income (GDI) are two measures of the same thing. Product produced should match sales and income.