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Economy

quartz007

(1,216 posts) Thu Jun 14, 2018, 07:55 PM Jun 2018

Will GDP Growth reach 4%?? [View all]

Surging consumer spending is driving GDP well above prior estimates, and it is now tracking near 4 percent for the second quarter.

That's almost double the pace of the first quarter.
Economists say the consumer is seeing the impact of the tax cuts and is spending, as a result of more disposable income.

Read more at CNBC...

https://tinyurl.com/yb7cc9xw

7 replies

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Will GDP Growth reach 4%?? [View all] quartz007 Jun 2018 OP

How can the tax cuts affect this? Kablooie Jun 2018 #1

My daughter received a reduction in tax withheld in Feb quartz007 Jun 2018 #2

Only if Cheeto cheats. sandensea Jun 2018 #3

Yes, just like the unemployment numbers quartz007 Jun 2018 #4

My favorite was Bush's consistent 3% inflation sandensea Jun 2018 #5

Of all the numbers gov't publishes, this makes me most mad.. quartz007 Jun 2018 #6

And now they want to calculate COLA increases by using GDP prices sandensea Jun 2018 #7