More Articles  Printer Friendly Version

 

The Truth About U.S. GDP Growth

Second-quarter economic growth surged 4.1%, the best it's been since the third quarter of 2014.

Almost immediately, the strong GDP report sparked debate as to whether it was a one-time shot.

Here are the facts.

This chart shows the Trump administration's forecast for GDP growth versus forecasts from the non-partisan Congressional Budget Office and the U.S. Federal Reserve.

The difference between the Trump administration's growth forecast and those of the CBO, Fed, and private economists surveyed in The Wall Street Journal is explained by differing opinions about supply-side economics.

Most economists remain skeptical of the economic benefits that will result from the recent cut in federal taxes.

That's the facts.


Email this article to a friend

Index
Time Itemized Deductions To Reduce Taxes
The Big New Tax Break For Pre-Retired Professionals
Sidestepping New Limits On Charitable Donations
Another Member Of Music Royalty Dies With No Will
Paying Off A Mortgage And The New Tax Code
Key Facts On Deducting Medical Expenses
Reduce Your Widow's Tax Bill Materially Annually
Ten Things About 10-Year U.S. Stock Market Performance
Your Alma Mater Or Your Family?
Qualifying For The New Business Owner Tax Break
This Is Not Your Parents' Interest Rate Cycle
Life Is Fragile, So, Please, Value Each Day As Priceless
If Family Is Wealth, Then Planning Is Immortality
Everything You've Learned About Interest Rates May Be Wrong
This First Year Under The New Law Requires Planning

This article was written by a professional financial journalist for Periope, LC and is not intended as legal or investment advice.

2018 Advisor Products Inc. All Rights Reserved.