Thursday the government will release GDP figures to the nation. It is widely expected to be a stellar report leaving no hint at a 2023 recession. Post your thanks below. GDP bonanza: U.S. economy may have grown 5% in the third quarter The U.S. economy has not only defied widespread predictions of a sharp slowdown. It's grown even faster. Economist survey: GDP growth of 4.3% in 3Q, fastest in nearly 2 years | Fortune The American economic hot streak is just warming up. fortune.com From Recession Fears to Too Good? What This Week’s GDP Data Will Tell Us - WSJ's Take On the Week - WSJ Podcasts This week, we're looking ahead to the GDP data for the third quarter of 2023 to find out how much the American economy grew from July to September. Thanks to higher than expected numbers from the latest retail sales and jobs reports, economists have lowered the probability of a recession. The world’s largest economy probably expanded at the quickest pace in nearly two years during the third quarter on the back of a steadfast US consumer, a challenge for Federal Reserve officials who are debating whether additional policy tightening is needed. Gross domestic product advanced at a 4.3% annualized pace in July-September, according to the median projection in a Bloomberg survey of economists. Such growth illustrates that the US remains the global economic powerhouse as Europe stagnates and Asia contends with a struggling China
Great and food still costing an arm and a leg. Energy prices outrageous. Great news about the GDP. Doesn't really do anything.
There are 9.6M open jobs and the economy is expected to have grown significantly. Could be way worse. In fact it was 3 years ago. Job Openings and Labor Turnover Summary - 2023 M08 Results
Because gas is $3.00 a gallon a strong economy doesn’t count? BTW these figures are real gdp growth - after inflation. But you are right in your views reflect a great mass of people who don’t know much other than the prices of gas and what Fox News tells them.
$3 gas is outrageous? I feel bad for you if that’s your situation. I cook daily good stuff and the only thing that I find expensive is beef and guess why ( you’ll never guess so I’ll tell you) Climate change - also probably Trump. Here's why beef is still pricey | CNN Business
There are still some weak points in our economy, but all in all we've faired really well compared to other g8 countries
Because our country continues spending money like a teenager with daddy's credit card. Is this really what we want, a house of cards? The U.S. government Friday said its deficit rose to $1.7 trillion, or 6.3% of gross domestic product, in the year ended Sept. 30, from $1.4 trillion, or 5.4% of GDP, a year earlier. Without an accounting change related to the administration’s aborted student-loan-cancellation program, the deficit would have been closer to $2 trillion, a doubling from the prior year. As U.S. Debt Surges, Europe Brings Its Own Under Control
I don’t advertise it but in addition to my daily two minutes of hate I have a weekly or biweekly two minutes of thanks and praise. Generally for Joe, Agent smith and whomever is prosecuting Trump but also for my family and friends, those who do truly good things in the community, and the hot girl encounter that escalates.
No, the economy is not great. That is my point. If you only look at GDP, it’s pretty good( although I don’t think the way they “adjust” for inflation does a good job of adjusting for it), but when you look deeper and wider there are many concerns.
LOL. Yeah, everything is awesome! https://www.cnbc.com/2023/10/25/onl...d-emergency-savings-in-2023-report-finds.html It’s becoming increasingly difficult for Americans to set money aside. Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report. “Rising prices and high household expenses have been the predominant impediments to boosting emergency savings,” said Greg McBride, Bankrate’s chief financial analyst.
