The note comes after Amit Shah attributed the slowdown – GDP growth slid for sixth qtr in a row to hit a three-yr low at 5.7% in June qtr – to “technical reasons”.
Shoppers in New York. Economic growth in the last quarter was marked by strong consumer spending. Credit Justin Lane/European Pressphoto Agency
The rate of household formations growth has declined significantly this year, and some say this could have negative implications for the broader economy.
The economic output of the roughly 55 million Latinos in the United States would form the seventh-largest economy in the world, a new report shows, with a GDP of $2.1 trillion in 2015 — just behind France, but ahead of India.
If they were a US state, they’d have the country’s second-largest economy, behind only California.
The report, produced by the Latino Donor Collaborative, is part of an effort to promote what is says is “a factual view of the importance of Latinos to our economy.”