CAN IT SUSTAIN?
The American economy grew at an impressive 3.5 percent clip during the third quarter of 2016. That’s according to the third (and final) estimate of gross domestic product growth released by the U.S. Bureau of Economic Analysis.
Previous GDP estimates showed growth of 2.9 percent and 3.2 percent, respectively.
To read the release for yourself, click here (.pdf).
Is this good news? Sure … the final print beat Wall Street’s estimate of a 3.3 percent growth rate and represents the economy’s strongest quarterly performance in more than two years.
Take a look …
(Click to view)
(Via BEA)
Still there are lingering concerns – even amid all the brimming consumer confidence stemming from the upset election of U.S. president-elect Donald Trump.
Also, annual economic growth remains weak – at 1.7 percent – and fourth quarter growth estimates aren’t looking especially inspiring at the moment.
Is this a razor’s edge moment? Could be …
(Banner via iStock)