Economic growth numbers for the 1st quarter will be announced next week, and it also looks like it will be a huge miss. The particular numbers could well be just a hair over the zero growth line. The regular growth rate from 1950 in order to 2000 was 3. 7%. Leader Bush’ s term from i b?rjan p? tv?tusentalet to 2008 generated an average GROSS DOMESTIC PRODUCT annual growth rate of second . 1%, while President Obama’ t term yielded 1 . 5%. Leader Trump campaigned on pulling the particular economy back above 3%, and can therefore be sorely disappointed.
One big reason for the particular weak first quarter is that automobile sales are no longer rising. After striking over 18 million annualized automobile sales in the final quarter associated with last year, the first quarter sales had been 17. 3 million. That amount is fine and healthy, but no more rising. Even though consumer confidence provides soared to a decade high, the specific consumer consumption increases have however to play out. Retail sales happen to be solid with 5% growth, yet more of the growth appears to be from cost increases than from unit purchase increases. Only the latter counts towards the GDP to reflect a better standard of living.
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