Economy

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Report: July U.S. Consumer Expendable Income

Personal income increased $70.5 billion (0.4 percent) in July according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.9 billion (0.2 percent) and personal consumption expenditures (PCE) increased $267.6 billion (1.9 percent).

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A graph showing the quarterly Real GDP between Q3 2016 and Q2 2020

Second Quarter GDP Revised

Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020, according to the “second” estimate released by the Bureau of Economic Analysis.

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Revitalize America Through Recreation: A 21st Century Roadmap to Healthy Communities and Economies

The Outdoor Recreation Roundtable (ORR), comprised of 32 national associations representing more than 110,000 businesses nationwide, has released A Roadmap for a 21st Century Outdoor Recreation Economy to frame national discussions around the critical importance of an economic sector that creates jobs, builds healthy communities, and strengthens the health and well-being of our public lands and waters for all Americans.

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A graph showing the quarterly Real GDP between Q3 2016 and Q2 2020

GDP Decreased in Second Quarter

Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis (BEA). In the first quarter, real GDP decreased 5.0 percent.

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