Top Line Impresses - Bottom Line Counts, Earnings: RUS, AW, H, AD, BTB
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The positive benefits of the US tax breaks enacted last year, helped boost US Gross Domestic Product to an annual rate of 4.1% for the second quarter. This is the best GDP performance since the first half of 2014.
Gross Domestic Product is the total value of goods and services produced. It is comparable to the revenue line on corporate financial statements. Revenues are the starting point, but there are still costs to consider when determining profits.
On the other side of the GDP ledger are higher trade tariffs, rising government deficits, and the seven rate increases so far from the US central bank. All of these reduce the favourable impact of the higher GDP number.
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