There’s a good chance that a lot of the increase in third quarter GDP was caused by U.S. government spending, specifically foreign aid. Continue Reading →
First quarter GDP was pretty good. I’ll only add that there are two more estimates to be released. BEA’s revisions have been pretty substantial in recent years. My guess — and it’s only a guess — is that the 4% growth rate will be revised downward over the next two months.
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