The Truth About U.S. GDP Growth
Published Tuesday, September 18, 2018 at: 7:00 AM EDT
Second-quarter economic growth surged 4.1%, the best it's been since the third quarter of 2014.
Almost immediately, the strong GDP report sparked debate as to whether it was a one-time shot.
Here are the facts.
This chart shows the Trump administration's forecast for GDP growth versus forecasts from the non-partisan Congressional Budget Office and the U.S. Federal Reserve.
The difference between the Trump administration's growth forecast and those of the CBO, Fed, and private economists surveyed in The Wall Street Journal is explained by differing opinions about supply-side economics.
Most economists remain skeptical of the economic benefits that will result from the recent cut in federal taxes.
That's the facts.
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- Stocks Closed At A Record High
- Federal Reserve Projects Strong Growth
- The Best People Were Wrong
- This Week’s Investment News In Six Charts
- U.S. Investor Picture Of The Week
- The Conference Board Backs Off Its Recession Forecast
- Softening Economic Data, Inflation Fears Dampen Stock Rally
- S&P 500 Closes Above 5000 For The First Time Ever
- Why America Is The World’s Economic Leader
- Investment News For The Week Ended Friday, January 26
- Why Stocks Broke The All-Time Record High
- A Strategic Update, With Stocks Near All-Time High And Crises Unfolding
- 2024 Begins With Positive Economic News
- How 2023 Will Be Remembered In Financial History
- A Good Week For The Economy And Investors
More
READY TO TAKE THE FIRST STEP?
Schedule your no-charge, no-obligation Introductory Phone Call.