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Expand chart
Reproduced from Bureau of Economic Analysis; Chart: Axios Visuals

U.S. economic growth is returning to around the 2% level that economists see as trend or the economy's neutral level, data shows.

By the numbers: Second quarter GDP was unrevised at 2% and estimates for the third and fourth quarters look to be around that level.

  • The Atlanta Fed’s GDPNow model estimate for the third quarter is 1.9% growth, up from its last estimate of 1.8%, and the New York Fed’s Nowcast model is tracking Q3 at around 2.2%.

Fun fact: If the U.S. Latino population were an independent nation, it would be the 8th largest economy on earth, the third fastest growing economy in the world, and the fastest growing developed market economy, according to the 2019 U.S. Latino GDP Report.

  • "U.S. Latinos account for nearly 30% of America's growth in real income," the study's authors found.

Go deeper: The cost of the "strong" U.S. economy

Go deeper

Bryan Walsh, author of Future
2 hours ago - Politics & Policy

Axios AM Deep Dive: America’s murder surge

Photo illustration: Sarah Grillo/Axios. Photo: Erik McGregor/LightRocket via Getty Images

Homicides rose at the fastest rate in at least six decades last year. This Axios AM Deep Dive, led by Future correspondent Bryan Walsh, looks at the state of gun crime.

6 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.