The Biden Administration’s failures continue to add up.
GDP growth for the 3Q was expected to be 2.7%.
The true GDP was only 2.0%.
This is the lowest number since the recovery began.
JUST IN – U.S. GDP at disappointing 2.0% in Q3 vs 6.7% in prior Q2, missing the estimate of 2.7% by 0.7%.
— Disclose.tv (@disclosetv) October 28, 2021
The U.S. economic recovery slowed sharply in the previous three months, as products remained stranded at normally bustling ports, employers struggled to find workers and consumers battled with rising prices.
When the Commerce Department releases Thursday its first estimate for third-quarter annualized gross domestic product growth, it likely will show an increase of just 2.8%, according to Dow Jones estimates.
While that kind of number would have seemed perfectly fine in pre-Covid times, it actually would be the slowest pace since the recovery began in April 2020 off the shortest but steepest recession in U.S. history.
Even CNN had to admit it was bad.
CNN on Biden's disappointing third-quarter GDP numbers:
"Less than expected…"
"It is a downshift…"
"Low, slow growth." pic.twitter.com/9ZBjSKgtII
— House Republicans (@HouseGOP) October 28, 2021
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The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions. You can help us beat Big Tech by following us on GETTR , Telegram, and Rumble.
