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3rd quarter GDP second estimate bumped up from 3.0% to 3.3%

Posted on 11/29/17 at 8:28 am
Posted by GumboPot
Member since Mar 2009
119044 posts
Posted on 11/29/17 at 8:28 am
CNBC link: LINK

BEA report: LINK

ETA:
At this rate 3% annual GDP growth rate is well within reach. As it stands now if the economy grows at 4.2% for the fourth quarter the annual GDP growth will be 3% for the year.

1st quarter 1.4%
2nd quarter 3.1%
3rd quarter 3.3%

Just need a 4.2% fourth quarter and we will see 3.0% for the year.
This post was edited on 11/29/17 at 8:36 am
Posted by Deuces
The bottom
Member since Nov 2011
12470 posts
Posted on 11/29/17 at 8:34 am to
"We should never expect 3% growth again."


-first black president
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51839 posts
Posted on 11/29/17 at 8:38 am to
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67508 posts
Posted on 11/29/17 at 8:47 am to
quote:

bumped
Posted by Radiojones
The Twilight Zone
Member since Feb 2007
10728 posts
Posted on 11/29/17 at 8:58 am to
Won't be long until the Dems start talking about how the average person is being left behind in the Reagan I mean Trump recovery. Same exact shite as the 80s.
Posted by LSURussian
Member since Feb 2005
126969 posts
Posted on 11/29/17 at 9:13 am to
I'm convinced if the tax bill is passed and signed we will see 4%+ GDP growth next year.
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24028 posts
Posted on 11/29/17 at 9:37 am to
Its amazing how having a Leader who continually pumps sunshine about the economy will cause consumer confidence and economic growth, and having a Leader who continually tells people "we need to accept decline as the new normal" will not.

Weird.
Posted by Seldom Seen
Member since Feb 2016
40506 posts
Posted on 11/29/17 at 10:13 am to
All thanks to Our President! Greatest Jobs President that God ever created!


Posted by tigersbb
Member since Oct 2012
10409 posts
Posted on 11/29/17 at 10:36 am to
quote:

At this rate 3% annual GDP growth rate is well within reach. As it stands now if the economy grows at 4.2% for the fourth quarter the annual GDP growth will be 3% for the year.



Didn't see this story on the Yahoo home page.
Posted by WeeWee
Member since Aug 2012
40196 posts
Posted on 11/29/17 at 5:16 pm to
quote:

The U.S. economy is running at its full potential for the first time in a decade,
WSJ

But I thought that Obama, Clinton, and the liberals said that 2% was the new normal. I guess that is why socialism always fails. It's based on ppl not meeting their potential.
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