U.S. First-Quarter GDP Growth Revised Down to 2% on Services

[McRocket]

'The U.S. economy expanded in the first quarter at a slower pace than previously estimated, reflecting downward revisions to spending on services and to inventory investment, according to Commerce Department data released Thursday.'

U.S. First-Quarter GDP Growth Revised Down to 2% on Services

So the final 2018 revised number for Q1 GDP growth was only 2%.

That means GDP growth under Trump has been a lacklustre 2.6%.

BIG DEAL.

And - just as I said it would - the GDPNow people keep dropping their Q2 forecast. Today it's down from 4.5% to 3.8%. And it will probably drop some more before the final number comes in (it almost always does).

 

[Auld Phart]

'The U.S. economy expanded in the first quarter at a slower pace than previously estimated, reflecting downward revisions to spending on services and to inventory investment, according to Commerce Department data released Thursday.'

U.S. First-Quarter GDP Growth Revised Down to 2% on Services

So the final 2018 Q1 GDP growth was only 2%.

That means GDP growth under Trump has been a lacklustre 2.6%.

BIG DEAL.

And - just as I said it would - the GDPNow people keep dropping their Q2 forecast. Today it's down from 4.5% to 3.8%. And it will probably drop some more before the final number comes in (it almost always does).

So the final 2018 Q1 GDP growth was only 2%.

We've already reached the final 2018 quarter?

 

[JakeStarkey]

Don't tell healthmyths.

He will blow a gasket.

 

[candycorn]

Bad news?
Must be fake news.

 

[JBvM]

'The U.S. economy expanded in the first quarter at a slower pace than previously estimated, reflecting downward revisions to spending on services and to inventory investment, according to Commerce Department data released Thursday.'

U.S. First-Quarter GDP Growth Revised Down to 2% on Services

So the final 2018 Q1 GDP growth was only 2%.

That means GDP growth under Trump has been a lacklustre 2.6%.

BIG DEAL.

And - just as I said it would - the GDPNow people keep dropping their Q2 forecast. Today it's down from 4.5% to 3.8%. And it will probably drop some more before the final number comes in (it almost always does).

So the final 2018 Q1 GDP growth was only 2%.

We've already reached the final 2018 quarter?

you begging for early bad news?

 

[JBvM]

Don't tell healthmyths.

He will blow a gasket.

Does he have any left? He's probably blowing Putin

 

[Auld Phart]

'The U.S. economy expanded in the first quarter at a slower pace than previously estimated, reflecting downward revisions to spending on services and to inventory investment, according to Commerce Department data released Thursday.'

U.S. First-Quarter GDP Growth Revised Down to 2% on Services

So the final 2018 Q1 GDP growth was only 2%.

That means GDP growth under Trump has been a lacklustre 2.6%.

BIG DEAL.

And - just as I said it would - the GDPNow people keep dropping their Q2 forecast. Today it's down from 4.5% to 3.8%. And it will probably drop some more before the final number comes in (it almost always does).

So the final 2018 Q1 GDP growth was only 2%.

We've already reached the final 2018 quarter?

you begging for early bad news?

nope

just pointing out it's a prediction, considering we're nowhere near the end of 2018

 

[McRocket]

'The U.S. economy expanded in the first quarter at a slower pace than previously estimated, reflecting downward revisions to spending on services and to inventory investment, according to Commerce Department data released Thursday.'

U.S. First-Quarter GDP Growth Revised Down to 2% on Services

So the final 2018 Q1 GDP growth was only 2%.

That means GDP growth under Trump has been a lacklustre 2.6%.

BIG DEAL.

And - just as I said it would - the GDPNow people keep dropping their Q2 forecast. Today it's down from 4.5% to 3.8%. And it will probably drop some more before the final number comes in (it almost always does).

So the final 2018 Q1 GDP growth was only 2%.

We've already reached the final 2018 quarter?

No...the final revision for Q1. That means this is the final number for Q1 2018 (it gets revised twice).

Think...how can the final 2018 Q1 GDP growth be the final quarter?

Q1 means quarter one.


Save me (and America) from these macroeconomic ignoramuses.

 

[JBvM]

just pointing out it's a prediction, considering we're nowhere near the end of 2018

when bad news will be pushed aside by another Trump temper tantrum or deflection?

 

[rightwinger]

2 percent?

Trump called it a disaster when Obama had 2 percent GDP

He promised 4 percent growth

 

[deanrd]

'The U.S. economy expanded in the first quarter at a slower pace than previously estimated, reflecting downward revisions to spending on services and to inventory investment, according to Commerce Department data released Thursday.'

U.S. First-Quarter GDP Growth Revised Down to 2% on Services

So the final 2018 revised number for Q1 GDP growth was only 2%.

That means GDP growth under Trump has been a lacklustre 2.6%.

BIG DEAL.

And - just as I said it would - the GDPNow people keep dropping their Q2 forecast. Today it's down from 4.5% to 3.8%. And it will probably drop some more before the final number comes in (it almost always does).

It will only get worse.

Trump is a master of economics if you count bankruptcy as economics.

 

[deanrd]

just pointing out it's a prediction, considering we're nowhere near the end of 2018

when bad news will be pushed aside by another Trump temper tantrum or deflection?

It's got to be the fault of the Democrats.

 

[IM2]

America is going to learn a hard lesson for picking this idiot.

 

[Moonglow]

Trump was touting that the economy is booming just yesterday.

 

[rightwinger]

America is going to learn a hard lesson for picking this idiot.

We deserve what we get

 

[IM2]

America is going to learn a hard lesson for picking this idiot.

We deserve what we get

No doubt about it. Those of us who didn't vote for Trump are just going to have to bow our necks because it's coming.

 

[IM2]

Trump was touting that the economy is booming just yesterday.

He's going to do that until it gets real bad then he will blame democrats or talk about how he inherited a mess.

 

[leftwinger]

2X typical 1% of past years. Interest rates are now moving up. Free money QE is cut off.

 

[rightwinger]

The atrump economy is a disaster