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April 26, 2019

Unexpectedly, the Economy Grew 3.2% In the First Quarter, Obliterating Expectations

And this was an economy hampered by bad winter weather and the shutdown.

And yet.

First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said in its initial read of the economy for that period.
Economists polled by Dow Jones expected the U.S. economy increased by 2.5% in the first quarter.

Gross domestic product for the first quarter was the best start to a year since 2015.

Trump's CEA says that certain factors haven't been taken account of yet, and claims the real growth rate might have been 4.4%. Well, we'll have to see about that.

posted by Ace of Spades at 04:10 PM

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Gross domestic product for the first quarter was the best start to a year since 2015. Trump's CEA says that certain factors haven't been taken account of yet, and claims the real growth rate might have been 4.4%. Well, we'll have to see about that. posted by Ace of Spades at 04:10 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments nurse ratched, garbage: "I'd still like it if biden were to spontaneously c ..." Formerly Virginian: "I don't think the "hats should be removed indoors" ..." 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