Q4:19 1st Estmate GDP @ 2.1 aided by sharp drop in trade deficit.
1 response | 0 likes
Started by TimNew - Jan. 30, 2020, 8:59 a.m.

Still tepid,  but better than the expected 1.9.  Consumer spending remains "on fire"..  Perhaps we'll see more robust growth as the trade war continues to wane and business investment resumes at rates prior to the trade war?


https://www.marketwatch.com/story/economy-grows-21-in-the-4th-quarter-as-gdp-gets-big-boost-from-falling-trade-deficit-2020-01-30?siteid=bigcharts&dist=bigcharts

"The economy got an even bigger boost — though likely a short-lived one — from a sharp decline in the U.S. trade deficit. Exports climbed 1.4% while imports sank 8.7% in the fourth quarter. That’s the biggest decline since the end of the 2007-09 2007-09 recession."

Comments
By metmike - Jan. 30, 2020, 2:12 p.m.
Like Reply

Thanks very much Tim!

Relying on you as our expert on economic reports and interpretation.