Skip to comments.Economic Growth Accelerated to 2.1% Rate in Summer
Posted on 11/27/2019 7:05:44 AM PST by ChicagoConservative27
The American economy grew at a faster pace this summer than estimated earlier.
Gross domestic product grew at a 2.1 percent annual rate for the third quarter, the Commerce Department said yesterday in its second estimate of economic growth. That is a substantial boost from the 1.9 percent in the earlier estimate.
While businesses pulled back on investment in the summer, likely because of fears of sluggish global growth and uncertainty over the direction of trade and monetary policies, consumers remained confident and spending high, thanks to rising wages and extremely low unemployment.
(Excerpt) Read more at breitbart.com ...
Germany did 0.2%
2,1% looks very different from 1.9%. Somehow these growth rates are usually improved when more data comes in during the Trump administration. . With a Dem in office it was the opposite.
A disaster for Democrats!! Thats why they have impeachment. The economy isnt tanking.
Its morning in America again and they hate it:
Times 4 quarters makes it 8%. Is that the right formula? 2% over the whole year is not good.
Thanks President Trump.
“Times 4 quarters makes it 8%. Is that the right formula?”
“Gross domestic product grew at a 2.1 percent annual rate for the third quarter,”
What that means is that in Q3 it grew at a rate that if continued for a full year would be 2.1%
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