Data Point – Three quarters in a row?

by Skip

All leading economic forecasters said it would be impossible for President Trump’s MAGAnomic plans to generate 3% GDP growth in the first year.  President Obama said it was impossible and Trump would need a “magic wand, or something“.

Well, three months after taking office (April-June), it was Quarter 2, and the U.S. GDP began growing over three percent.  Again in Quarter 3 (July-Sept), the same benchmark was exceeded. And now Q4 (Oct-Dec) the New York Fed says, yes, GDP growth is 3.2%.

The New York Federal Reserve on Friday kept its view on U.S. gross domestic product growth for the fourth quarter near 3.2 percent given the dearth of economic data this week. (link)

(H/T: Conservative Treehouse)

 

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