Q3 GDP forecast lowered to +1.5%
Macroeconomic Advisers (MA) has lowered their annualized real GDP forecast for Q3 to +1.5%. That's rather weak, but still not suggestive of an imminent recession. Their previous forecast had been for +2.0%, which in turn had recently been lowered from an earlier forecast of +2.2%.
-- Jack Krupansky
posted by Jack Krupansky @ 11:03 AM
1 Comments
1 Comments:
The growth rate of the economy is so low theirs trouble ahead if it does not pick up wages will stagnate this will mean no raises for the working poor. At some point they will reach the breaking point.
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