Latest forecast: 5.0 percent — August 1, 2018

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 5.0 percent on August 1, up from 4.7 percent on July 31. 

https://www.frbatlanta.org/cqer/research/gdpnow.aspx

Great news — but be sure to save some for later

A high tide raises all ships.

What was GDP growth in Q4 2009?

(08-01-2018 08:12 PM)Momus Wrote:  What was GDP growth in Q4 2009?

An anomaly.

The 2009 GDP? It's the Worst Since 1946 -- And 7.6 Million Jobs Disappeared in Two Years

https://www.theawl.com/2010/01/the-2009-...two-years/


You aren't very good at this.

I wonder if any lib here would say if Hillary had won and was President the economy would be doing as good or better than it is doing under President Trump.

#buckleup

(08-01-2018 08:12 PM)Momus Wrote:  What was GDP growth in Q4 2009?

Question for you:

When something contracts, what % does it have to increase more than the decrease to make up for said decrease?

(08-01-2018 09:14 PM)shere khan Wrote:  

(08-01-2018 08:12 PM)Momus Wrote:  What was GDP growth in Q4 2009?

An anomaly.

The 2009 GDP? It's the Worst Since 1946 -- And 7.6 Million Jobs Disappeared in Two Years

https://www.theawl.com/2010/01/the-2009-...two-years/


You aren't very good at this.

(08-01-2018 08:12 PM)Momus Wrote:  What was GDP growth in Q4 2009?

This 2009 4th quarter GDP "growth" you mean?

"Q4: 4.5% (2015 revisions was 3.9%, 2012 revision was 4%, 2011 was 3.8%, 2010 was 5%)

Advance - The economy grew 5.7%, but half of that growth was based on businesses re-stocking low inventory. The economy would have only grown 2.3% without the inventory adjustment, according to econo-blogger Calculated Risk. Real estate and consumer spending actually slowed in Q4. These are needed to sustain any lasting recovery.
Second - Economic growth was revised up to 5.9%, but businesses re-stocking low inventory drove 4 points of that growth. Econo-blogger Calculated Risk pointed out that:
Changes in private inventories are transitory (only lasts a few quarters at the start of a recovery), and although the headline number was revised up, final demand was weaker than in the advance estimate.
He goes on to note that spending on personal consumption and residential investment were both revised down in Q4.
Third - The report said 5.6% growth, but after taking out restocking of low inventory, the real number was 1.8%."

As has already been pointed out, you aren't very good at this.

(08-01-2018 09:14 PM)shere khan Wrote:  

(08-01-2018 08:12 PM)Momus Wrote:  What was GDP growth in Q4 2009?

An anomaly.

The 2009 GDP? It's the Worst Since 1946 -- And 7.6 Million Jobs Disappeared in Two Years

https://www.theawl.com/2010/01/the-2009-...two-years/


You aren't very good at this.

An anomaly? No. It was a predictable outcome, and it wasn’t sustainable. Why was there such a spike in growth in late 2009? Has the current administration taken any actions that might be seen as similar? You’re right that someone here isn’t very good at figuring out what’s going on around them. It’s alright, tiger. I know you’re doing your best with some very limited mental tools. Keep trying. Don’t give up.