Third quarter U.S. GDP leaves a bit to be desired

Following a very average second quarter GDP number of 2%, the new number for the third quarter, which was issued by the United States Department of Commerce yesterday, is really more of the same, albeit down one basis point to 1.9%. While these numbers are not terrible, they are not what was expected a year ago at this time, when things were truly humming, or so it seemed, especially during the third quarter of 2018’s 4.6,% tally a number that many economists viewed as a “sugar high,” of sorts, due largely to the short-term boost, or byproduct, of the White House’s Tax and Jobs Act.
Source: logistics Mgmt