GDP came in at 3% today despite two hurricanes……..that means we ought to see Q4 above 3% also as reconstruction begins. It’ll be the first time we’ve seen 3% plus growth for three consecutive quarters since before the financial crisis.
You’ll also notice that the current two quarters are coming in well above the 2009-17 trend for GDP so we will see a material uptick in these charts in the coming months.
“Davidson” submits:
Real Private GDP trend from Apr 2009 has risen to 2.91% from 2.88% at last read, Real GDP slight bump from 2.15% to 2.18% on latest report. Real Govt Exp&Inv continues to fall which continues to skew Real GDP lower from Real Private GDP. The signs continue to support recent trends in other indicators that economic activity is accelerating.
Like Us On Facebook - For Business And General News: ValueWalk - For Tech And Science News: ValueWalk Tech - For Tech Insights, Technical Questions and Queries: Follow Our COO, Sheeraz Raza.
