The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates.
The 2.6 percent annualized rate of gains in gross domestic product from October to December compared with the 2.2 percent median estimate of economists surveyed by Bloomberg. It followed a 3.4 percent advance in the prior three months, according to a Commerce Department report Thursday that was delayed a month by the government shutdown.
The report shows how Republican-backed tax cuts may have continued to aid growth and help bring the full-year figure to 3.1 percent, just above President Donald Trump’s 3 percent goal. While the expansion is poised to become the nation’s longest on record at midyear amid a still-healthy consumer, supportive Fed and robust labor market, the pace could cool amid the trade war, slowing global growth and fading impact of fiscal stimulus.
I am sure there will be adjustments, other calculations, and things running down the road. But it certainly appears that the President's 3.0% goal for the year 2018 was reached, with 0.1% to spare.
We'll see where things are moving forward. But gone are the days where our President will stand up in front of America and say that 3.0 growth is a thing of the past, and that the best we can hope for is more government investment, and slow growing green technology to keep us limping along.
22 comments:
The Lost Years GDP 1.9%.
Fifty-one percent of Americans say that they would rather have a border wall on America’s southern border, compared to 31 percent who say that they want a Green New Deal, according to a poll released by Remington Research Group.."
3.0% growth.
another trump promise kept.
didn't 0linsky say something about a magic wand?
Olinsky, had projections for his economy at 4 percent when justifying Keynesian Spending and doubling the National Debt.
Funny CNBC carrying a different # than yours Lil Scotty....how can that be????
For the year, annual 2018 real GDP increased by 2.9 percent, according to the Bureau of Economic Analysis.
https://www.cnbc.com/2019/02/28/gdp-q4-2018.html
Your link brings an article on sports....funny how that works !!!! Trump failed!!!
https://thehill.com/blogs/blog-briefing-room/426546-poll-more-americans-want-trump-to-give-up-on-wall-funding-than
So much for the goat fuckers post
Denny
Bloombergs - Citing the U.S. Commerce Department. Official numbers.
CNBC is cherry picking
" failed to reach the 3 percent promised land, according to one major metric."
CNBC is cherry picking
they certainly are. go over to john harwood's twitter feed and see what an asshole he's being, crowing over trump missing his target by 0.1%
what a fucking douchebag.
CNBC is cherry picking
Sure they are assholes.....Nothing like making shit up to fit your tenet!!!! BWAAAAAAAAAAAAAA!!!!!!!!
https://www.bea.gov/news/2019/initial-gross-domestic-product-4th-quarter-and-annual-2018
2018 GDP
Real GDP increased 2.9 percent in 2018 (from the 2017 annual level to the 2018 annual level), compared with an increase of 2.2 percent in 2017 (table 1).
First one lies and ass breath swears to it blindly!!!
And you trump slurpers will accept this bullshit as truth.....while anyone with a brain will not believe this line of shit but you and donny....so sad how low you have all fallen....!!!
osh Dawsey February 28 at 11:54 AM
HANOI — President Trump on Thursday defended North Korean leader Kim Jong Un over the death of American college student Otto Warmbier, whose family says he was “brutally tortured” while imprisoned in North Korea and died in 2017 after being flown back to United States in a coma.
The president condemned the “brutality of the North Korean regime” following Warmbier’s death at 22 years old, but he took a softer stance toward Kim at the conclusion of their second summit.
“I don't believe he would have allowed that to happen,” Trump said. “It just wasn't to his advantage to allow that to happen.”
Trump said that he spoke to Kim about the death of Warmbier — whose family has called it a murder — and that Kim “feels badly about it.” He said the North Korea leader, who rules the country with an iron grip, knew about the case but learned about it only after the fact because, Trump suggested, “top leadership” might not have been involved.
crowing over trump missing his target by 0.1%
Ah too fucking bad...a miss is a miss..you did nothing but complain about every thing Obama did without fail...When trump fails you just suck his dick harder which is most amusing....I also see that you now accept that CH fucked up with his post without any editorial comment....amazing those who suck together, lie together!!!!
Wa Post headline....and still nothing from little man scotty on his major error....LOLOLOLOL
U.S. economy grew at a strong 2.9 percent rate in 2018, but missed Trump’s goal
Growth in the final quarter of last year was 2.6 percent, above forecasts but below the 3.4 percent pace in the third quarter and 4.2 percent pace in the second quarter.
Anyone want to forecast 2019 GDP being lower than 2018?????
Question for lo iq
so was the 2.9% gain compared to the initially reported prior year or to the adjusted final ?
Is it within the MOE ?
asking for a friend.
Lol@Denise
He fails again on all issues, especially Economics.
2 Ex wives Suddendly Single Roger.
What happened dude?
Did you cheat on mail order like you did your first wife?
Real GDP grew at a pace of 3.1% in 2018, "
Yep. How did oDopie get it wrong?
There are two figures...
3.1 from the U.S. Commerce Dept
2.9 from the BEA
I guess it depends on which publication you read as to which figure that they are citing.
Either way, it's 0.1 within 3 percent one way or the other.
Remember 1-2 percent is the new normal.
There is no magic wand to get it back to 3 percent.
At the end of the day, the economy has still well outperformed the expectations of our so called "economists".
Soybean Producers are Thanking Pres. Trump for agreeing to sell 10 million more metrics tonnes to China.
Well said CHT.
the economy has still well outperformed the expectations of our so called "economists"
Sure Lil Scotty.....just make shit up to fit your narrative.....Trump did it all by himself and still missed his target and you fucked up this morning with your 3.1% and like trump, will never admit the fuck up....sorry, the shit I have read no one is making hay out of your alleged expectations.....asshole...
https://www.forbes.com/sites/alejandrochafuen/2019/01/03/the-u-s-economy-in-2019-challenges-and-lower-expectations/#336eae313d87
Yep still hasn't made the 3% and probably will not in the next 2 years....
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