McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
- 275
- Banned
- #1
'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).
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).
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