No. Here’s why: “
The third-quarter GDP increase was driven almost entirely by a surge in exports, which add to GDP calculations, and a steep decline in imports, which detract from GDP. The trade dynamic shifted rapidly from the first and second quarters, when surging imports and declining exports turned GDP growth negative despite strong activity elsewhere in the economy.”
Another relevant factor that left-wing media sources will not be presenting:
“
Gross private domestic investment, a catchall category for money spent on things meant to grow the economy, fell 8.5 percent in the third quarter. The decline came as spending on structures sank 15.3 percent and spending on homes plunged 26.4 percent on the quarter.”
“Final sales to private domestic purchasers, which measures how much American households and firms bought from U.S. firms, also rose just 0.1 percent on the quarter.”
U.S. economic growth rebounded during the third quarter after six months of steady declines, according to data released Thursday by the Commerce Department. U.S. gross domestic product (GDP) grew a…
thehill.com
Total picture gives economists reason to remain “fearful” but a better word is concerned. Promoting fear significantly increases panic buying and pays off for sectors looking to make profits from public fear mongering. Governmental transparency without half-truths is the only way forward.