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Old 03-28-2018, 12:41 PM
whell whell is offline
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,135
Yawn - only folks like Chicks thinks that polls are news.

Now for some actual economic news (please keep the sharp objects away from Chicks once he reads this):

Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third GDP estimate for the period on Wednesday. That was a slight moderation from the third quarter's brisk 3.2 percent pace.

The upward revision to the fourth-quarter growth estimate also reflected less inventory reduction than previously reported. Economists polled by Reuters had expected that fourth-quarter GDP growth would be revised up to a 2.7 percent rate. The economy grew 2.3 percent in 2017, an acceleration from the 1.5 percent logged in 2016.


In other words:

Originally reported/estimated Q4 growth - 2.5%%
Expectations for revised growth number - 2.7%
Actual Q4 growth - 2.9%

To make things really tough for poor Chickie:

Still, analysts believe the economy will hit the Trump administration's 3 percent annual growth target this year, driven by a $1.5 trillion income tax cut package and a planned increase in government spending.

I'd also wager that the "planned increase in gov't spending" won't materialize to the extent predicted either. But we'll wait and see.
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