Monday, October 25, 2010

Q3 GDP Growth Estimate


It seems like the consensus is that Q3 GDP growth was about 2%, slightly higher as compared to Q2. Most believe that the uptick in consumer spending justifies the increase.

Of course if Chinese imports continue to increase then the growth rate could be reduced similar to what happened in Q2.

This is still not enough growth to make any impact on reducing the unemployment rate in the US. I think there remains much more repair needed for the US economy.

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