div > div.group > p:first-child"> Fourth quarter GDP topped the 2.3 percent expected by economists, due in part to a 6.7 percent increase in equipment spending and a 13.1 percent jump in intellectual property, which includes software. The pickup was a surprise after weak durable goods spending data in the quarter.
"The White House, and fairly so, can claim bragging rights for 2018. The real question is the first quarter. You're well under 2 percent. Are you under 1 percent? We don't know yet," said Joseph LaVorgna, Natixis chief economist for the Americas. The pickup in business spending, therefore is critical, and if it continues, could dispel some doubts that corporations are not using tax proceeds for investment but for things like stock buybacks and dividends. It also suggests there may have been less delayed spending because of uncertainty surrounding trade.
"You're slowing down the run rate, but it's still above the modest potential the economy has. That's the good news. The bad news is it's not enough to grow us out of our deficit problems," Swonk said.
GDP at 3.1%, 1st time over 3% in 10 years!!! MAGA!!!
My plan..... listen to predictions/forecast made by CNBC...... do opposite...... be right.
Economy will never grow beyond 3% organically ever again due to Global cos and ever bigger govt choking off Capitalism and individuals
Communist news bubblehead Communication Network will bash Trump everyday. He’s done good so far but the damn Federal Reserve has screwed the economy and he did tell them to slow it down
Tax breaks for wealthy equal unsustainable money grab.
Ahhh no it does not... lies
Nope
We should do rolling YOY analysis.
The truth is worse than they will show/say
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