Fear? US Q3 Real GDP Posts At 1.9% Thanks To Consumer Spending

So much for recession-mongering.

Real GDP growth was 1.9% in the third quarter, above the consensus forecast of 1.6%. The year-on-year rate of change slipped to 2.0% from 2.3% at mid-year.

qoqgdp

Consumers dominated, as the net contribution from all other components was essentially zero.

Assuming no revisions, growth would need to be 1.6% in the fourth quarter to reach the Fed’s 2019 forecast (2.2%).

contru

So, fear about an impending recession

cropped-fear-1.jpg

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.