Trump's Ace in the Hole: GDP Runs Out of Gas!
As the weakest pace of any expansion since at least 1949, economic growth is now tracking at a 1% rate in 2016—the weakest start to a year since 2011—when combined with a downwardly revised reading for the first quarter. That makes for an annual average rate of 2.1% growth since the end of the recent recession and with just 1.2% in the second quarter as the Commerce Department said Friday, July 29, 2016 and well below the pace economists expected.
What is the rate of economic growth? Definition: Real Economic Growth Rate is the rate at which a nation's Gross Domestic product (GDP) changes/grows from one year to another. GDP is the market value of all the goods and services produced in a country in a particular time period.
Our declining business investment is hobbling an already sluggish U.S. expansion, it's now raising concerns about the 2016 economy’s durability heading into 2017. Watch out for huge rate increases in Obamacare!
--NOT GOOD NEWS FOR WORKERS! ...Obama White House hides GDP news in final stretch backing Hillary Clinton who will continue same spending policies.
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