Thursday , November 21 2024
Home / Naked Keynesianism / Growth slowsdown in the third quarter

Growth slowsdown in the third quarter

Summary:
BEA released the advanced estimate for GDP growth in the third quarter, 1.5%, well below the 3.9% growth of the second quarter. One can see that the recent recovery is slow even when compared to the Clinton and Bush II recoveries. So, nothing new, the slow recovery continues. If the budget deal gives some hope that at least we're not going to shutdown the government, and as a result avoid an even worse slowdown, there is very little reason to hope for the kind of fiscal stimulus we need.

Topics:
Matias Vernengo considers the following as important: ,

This could be interesting, too:

Matias Vernengo writes A Stock Market Boom is Not the Basis of Shared Prosperity

Matias Vernengo writes The slow recovery in historical perspective: 10 years after the Great Recession

Mike Norman writes Reuters — Trump: ‘I don’t see a deal’ with Democrats on keeping government open

Matias Vernengo writes GDP recovers a bit in the third quarter

BEA released the advanced estimate for GDP growth in the third quarter, 1.5%, well below the 3.9% growth of the second quarter. One can see that the recent recovery is slow even when compared to the Clinton and Bush II recoveries.
Growth slowsdown in the third quarter

So, nothing new, the slow recovery continues. If the budget deal gives some hope that at least we're not going to shutdown the government, and as a result avoid an even worse slowdown, there is very little reason to hope for the kind of fiscal stimulus we need.
Matias Vernengo
Econ Prof at @BucknellU Co-editor of ROKE & Co-Editor in Chief of the New Palgrave Dictionary of Economics

Leave a Reply

Your email address will not be published. Required fields are marked *