Q3 GDP forecast for 1.4%

Macroeconomic  Advisers, the people who provide the data on monthly GDP for the National Bureau of Economic Research (NBER) Business Cycle Dating Committee (BCDC) are currently forecasting that annualized real GDP for Q3 will come in at +1.4%, down a little from an earlier forecast of +1.5%. Annualized real GDP for Q2 was +1.6%. These are rather sluggish growth rates, well below the 2.5% rate that most people would consider the minimum for a healthy economy. Nonetheless, the economy is still growing and recovering from the financial crisis and recession of 2008.

Those "hoping" for a double-dip recession will continue to be disappointed.

-- Jack Krupansky