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| Economy |
| Economy growing better than economists had expected just a few weeks ago |
| 2019-11-29 |
h/t Instapundit
Economists are boosting their fourth quarter growth forecasts after the trade deficit narrowed and business investment showed a surprise pickup in October.
The CNBC/Moody’s Analytic’s rapid update of economists forecasts showed a median increase of 0.1 percentage points to 1.8%. The government also reported a bigger-than-expected revision to growth in the nation’s third quarter gross domestic product to 2.1% from a first reading of 1.9%.
Economists are watching to see if October’s business investment rebound is signaling that the slowdown in spending and manufacturing could be coming to an end. |
| Posted by:g(r)omgoru |