We The People

We The People

Sunday, October 28, 2018

MAGAnomic Release: Third Quarter GDP Growth 3.5% – Exceeds Preliminary Expectations – Inflation 1.6%, Wage Growth 3.8%… | The Last Refuge

MAGAnomic Release: Third Quarter GDP Growth 3.5% – Exceeds Preliminary Expectations – Inflation 1.6%, Wage Growth 3.8%… | The Last Refuge:

Image result for flickr commons images president trumpThe Commerce Department, Bureau of Economic Analysis (BEA), has released the first estimate of the third quarter GDP growth for June, July and August 2018 (full pdf below).  The rate of economic growth in Q3 is estimated at 3.5%, exceeding most forecasts of slightly more than three percent.  The second quarter growth was 4.2%.
“Defying ‘conventional wisdom’ once again, 3.5 percent growth is the latest sign that the Trump economy continues to surge,” said Secretary of Commerce Wilbur Ross. “The President’s actions from deregulation to tax reform have supercharged the American economy, driving it to new heights.”

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