Some forecasting pros suggest the U.S. economy could top 5% growth in the period running from April to June, perhaps clearing the highest bar in 15 years.
After a surprising drop in the U.S. trade deficit in May, a handful of Wall Street firms jacked up their estimates for the second quarter and more are likely to do so.
Most notably, Macroeconomic Advisers raised its forecast to 5.3% from 4.5% for gross domestic product, the official scorecard for the U.S. economy. The firm’s forecast is one of the most detailed on Wall Street.
A closely followed GDP tracker by the Atlanta Federal Reserve, meanwhile, estimates the U.S. will expand at a 4.5% annual rate in the second quarter.
Why is the economy suddenly growing so fast? Consumer spending has bounced back after a paltry increase early in the year, buoyed by tax cuts and a strong labor market in which jobs are plentiful. Business investment has been strong. And the nation’s trade deficit has been smaller than expected.
Maybe he should consider changing whatever entity he’s praying to (I’m thinking Satan).
“Why is the economy suddenly growing so fast?”
because obama is no longer standing with his foot on the necks of the taxpayer and business owners ?
The only thing the Kenyan Kumquat believed in was anything to make America weaker!
Now that he is out of the way and President Trump is reversing the Manchurian Doorknob’s edicts the economy is soaring.
Yo! Jackass Joe! This is whut a “Recovery Summer” really looks like you drunken, Tourettes-addled, grinning imbecile! And to think that was way back in 2011 is just shameful!
Yea My thoughts exactly.
He don’t believe in the Good Lord.
Who or what is he praying to ??
Probably don’t want to know…
Does this mean the end of Funemployment?
Say it ain’t so!
Headline on the page is typically leftist. They can’t deny that the economy in fewer than 18 Trump months is the best in 18 years defying Obama’s warning that the jobs are coming back and we need to get used to 1.5% death by 1,000 cuts. So what to they do?
They admit growth is spectacular but say it can’t last.
The thing that can’t last is Obama’s legacy of failure
Allah is ignoring Bill!
I’m guessing since the Kennedy announcement, Ol’ Bill is praying for a depression to match the one he’s feeling.
Winning!