@scotchtiger
Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.
https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions
President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.
Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.
Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.
Curious as to your thoughts on today's news about the revised GDP growth rate for 2018. After looking at more complete data, 2018 GDP growth rate was revised from 2.97% to 2.5%, worse than 2.8% in 2017. I would argue that those tax cuts are not having the desired effect. It looks like business investment actually fell.
https://www.bloomberg.com/news/arti...-feat-in-2018-undone-by-annual-data-revisions
President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.
Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency.
Behind the 2018 markdown: Slower growth of business investment and exports, along with a greater output in the fourth quarter of 2017 that made the comparison less favorable.