GDP Grows 4.9 Percent in Third Quarter as Inflation Slows Further

Article • Mark Weisbrot’s Columns
The 2024 election could determine how much we can fix problems, or whether we move backward toward increasing inequality of income, wealth, and access to education.
The economy is growing at a solid sustainable pace, with strong investment growth making up for slower consumption growth. Inflation is slowing and likely to continue to do so.
We will likely see growth of close to 2.0 percent in the second quarter, roughly the same as in the first quarter.
Article
The economy grew at a strong 3.2 percent annual rate in the third quarter
In short, this is a very good picture, but one with many clear warning signs.
While we are virtually certain to see record growth for GDP in the third quarter, without a new stimulus package a drop is likely in the fourth quarter.
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January 30, 2020 (GDP Byte)
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October 30, 2019 (GDP Byte)