Forecasters expected the country’s gross domestic product — the total value of goods and services produced in the U.S. — to come in at 2.6% in the three-month period ended in September, according to a survey of economists by the data firm FactSet. The latest GDP figure is down slightly from the second quarter’s growth of 3%.
The American economy, the world’s biggest, has shown surprising resilience in the face of sharply higher borrowing rates as the Federal Reserve tightened monetary policy in a bid to tame inflation. Despite widespread predictions that the economy would succumb to a recession, however, it has kept growing, with hiring and consumer spending holding steady.
Remember, Trump is the only person in the entire universe capable of improving the economy
Yeah, they say inflation is high in the U.S. But wait until a Trump administration has deported all the farm workers …
Don’t forget that 20% tax on all foreign goods and a 60% tax on everything made in China, which will definitely cause prices to go down./s
