Skip to comments.Federal Reserve of Atlanta Predicts Massive 3.7% GDP for Third Quarter
Posted on 08/16/2017 8:08:25 AM PDT by Hojczyk
The Federal Reserve Bank of Atlanta forecast a 3.7 percent rate for the third quarter of 2017.
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.7 percent on August 15, up from 3.5 percent on August 9. The forecast of the contribution of personal consumption expenditures to third-quarter real GDP growth increased from 1.91 percentage points to 1.97 percentage points after this mornings retail sales release from the U.S. Census Bureau.
Nationwide, they are studying the US economy as a whole.
The economy? North Korea?
Those don’t matter. Only Confederate symbols do and that bigoted Trump and his voters
SEE MY TAGLINE, Folks
I checked recently and found that the best ANNUAL GDP growth for Obama was about 2.5%. Anything over that, especially quarterly is a complete repudiation of Obama policies.
Ok, please show us your econometric model.
The only thing that matters is the ECONOMY
This is a nation wide estimate. Atlanta Fed is the Fed that does the national GDP stuff.
They may VERY WELL revise 2nd Q up, which would mean that with a strong 4th quarter we could end the year above 3%, considered impossible. People told Trump he couldn’t do it.
Moreover, if Congress would get off its ass and cut taxes, pass HC reform, infrastructure . . . I kid you not . . .
The USA could see 6% economic growth.
This is what wins reelections. It’s all about the money.
Absolutely true. Was in Orlando. Building everywhere. Here in AZ. Building everywhere. Every place I go and speak, I see economic activity.
It’s absolutely real.
Nationwide. But that's for the quarter, not the year. And that's one bank's prediction. Obama had some quarters where growth was higher than that and as the story points out annual growth was anemic at best.
If this projection should turn out to be even close to accurate, the media will do everything it can to smother the good news. They will ignore it, find reason to fault it, or create another distraction to avoid covering it. They cannot allow Trump to be the beneficiary of any good news, even if it helps the country as a whole.
Are you sure about that? I thought he didn’t even have a single quarter above 1.5%.
“Moreover, if Congress would get off its ass and cut taxes, pass HC reform, infrastructure . . . I kid you not . . .”
That is a big if. The problem is if the Republican Senators can overcome their egos.
“SEE MY TAGLINE, Folks”
I don’t have a twitter account, so I went searching and found this article from 2016:
Yes, that’s what I meant A general search of articles that will reveal his tweets, not his Twitter account itself
Which, IRONICALLY, has since been turned off. Think they’all might have some hypocrisy to hide?
Get this Bellamy and Kessler stuff out, Folks. The failure of the police, the ACLU quotes, the real facts about what happened.
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