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re: BEA Advanced 3Q17 GDP Estimate Out...3.0%
Posted on 10/26/17 at 4:46 pm to GumboPot
Posted on 10/26/17 at 4:46 pm to GumboPot
quote:
I think a fair argument can be made that the first quarter of this year is not a fair reflection of the positive economic policies from the executive branch. There's probably a 3 to 6 month lag time from policy implementation to measuring it on the GDP scale.
There's a possibility that 2017 growth will be lower than 2016 though. So far, we've added fewer jobs than 2016 at the same moment in time.
That said, it's not really fair to compare years directly in that manner because there is a natural ebb and flow to the economy. There are expansionary and contractionary forces that transcend anything the executive or lesiglative branch can do.
This post was edited on 10/26/17 at 4:47 pm
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