gdp: But as nearly everyone realized, the GDP figures were unlikely to stay that high, and as we learned this morning, they didn't, according to MSNBC. Gross domestic product decelerated a bit to a 3.5% annual pace in the third quarter, down from torrid 4.2% pace in the prior three months, the government said. Whether the president understands the difference between quarterly growth and annual growth is unclear, but the fact that GDP reached 4.2% in the second quarter was, according to the White House, proof of how awesome Trump's awesomeness is. GDP is the official measuring stick for the U.S. economy. The fact that growth cooled a little might seem discouraging, but make no mistake this morning's report from the Commerce Department points to good news and a healthy economy. The gain was very close to Wall Street estimates.
(news.financializer.com). As
reported in the news.
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