According to government data, the GDP for the 3rd quarter was revised downward to 3.4%. Marketwatch: The U.S. economy grew at an annual 3.4% pace in the third quarter instead of 3.5%, revised government data show. Slightly weaker consumer spending mostly accounted for the downward revision, the Commerce Department said. Consumer spending, the main engine […]
According to a report from Bloomberg the 3rd quarter GDP is supposed to be 3.4%. Bloomberg: The U.S. economy is poised for its best back-to-back quarters of growth since 2014, handing President Donald Trump a $20 trillion talking point just in time for the midterm congressional elections. The report due Friday, the last data before […]
The GDP for quarter two was revised up to 4.2% even though the experts expected it to be pushed downward. Yahoo: The roaring growth of the US economy in the second quarter was even faster than first reported, with new numbers showing a bigger boost in corporate spending, the government reported Wednesday. The uptick in […]
The Atlanta Federal Reserve predicted that next quarter the U.S Economy would grow at 5%. ATL FED: Latest forecast: 5.0 percent — August 1, 2018 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 5.0 percent on August 1, up from 4.7 percent on July 31. The nowcasts of third-quarter […]
Germany has announced that it would raise its military spending to 1.5% of its GDP by 2025. Reuters: Germany will tell NATO in July that it expects to boost military spending to around 1.5 percent of gross domestic product by 2025, Defense Minister Ursula von der Leyen told Germany’s top military brass on Monday. This […]
The CBO projected that the GDP for 2018 will be the highest in 15 years. CNS: The Congressional Budget Office’s budget and economic outlook released this month projects that real Gross Domestic Product will grow by 3.3 percent from the fourth quarter of 2017 to the fourth quarter of 2018. That would mark a 15-year high. “In […]
A new article from The Gateway Pundit lays out just how strong Trump has made the economy. Gateway Pundit: The higher a country’s debt to GDP ratio, the less healthy the country’s economy. With the final 2017 GDP numbers released today, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.3% in […]
The GDP rose 2.9% in Quarter 4 of 2017 more than what the 2.7% that was expected. CNBC: U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a surge in imports. Gross domestic product expanded at a 2.9 […]
