Charts of the Week
U.S. Real GDP
Chart of the Week for November 3, 2017 - November 9, 2017
U.S. Real Gross Domestic Product (GDP) growth has been positive but volatile over the past eight quarters as shown above. Ranging from a low of 0.5% in the fourth quarter of 2015 to a high of 3.1% in the second quarter of 2017. The third quarter of 2017 showed 3.0% growth, which some economists considered strong given the expected disruptions that the recent hurricanes caused. Year-over-year U.S. GDP growth increased 2.3% helped by increased durable good spending and investment in equipment. In recent quarters a falling U.S. dollar has helped trade with increased exports and decreased imports. Some economists are predicting continued GDP growth as the U.S. economy continues to perform well with consumers benefitting from a strong job market and employers benefitting from stronger profits and low borrowing costs.
Posted by: sarah_oz@yahoo.com
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