US Economy Grew at Fastest Pace in Two Years in Third Quarter

3.2%, and it's expected that will be going up. We just had a report that the 4th quarter estimated GDP growth rate was 3.98%, which is just an atom's width away from the 4% growth Trump promised and which liberals said was impossible.

The U.S. economy grew at its fastest pace in more than two years in the third quarter, powered by robust business spending, and is poised for what could be a modest lift next year from sweeping tax cuts passed by Congress this week.

Gross domestic product expanded at a 3.2 percent annual rate last quarter, the Commerce Department said in its third GDP estimate on Thursday. While that was slightly down from the 3.3 percent rate reported last month, it was the quickest pace since the first quarter of 2015 and was a pickup from the second quarter's 3.1 percent rate.

It also marked the first time since 2014 that the economy experienced growth of 3 percent or more for two straight quarters.

The CNBC story goes on to site other measures of economic health showing the economy performing less well -- again, they seem to have rediscovered the technique of alternative assessments to downplay the economy's health, which they used a lot under Bush, and then, strangely, forgot all about during Obama's eight miserable years.

posted by Ace at 04:50 PM

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