Trump economy's sustained growth pace unlike anything seen in 13 years
https://www.cnbc.com/2018/01/12/trump-economys-sustained-growth-pace-unlike-anything-seen-in-13-years.html
In the year since President Donald Trump has been in office, the economy has done something it has been unable to do since 2005 — maintain 3 percent growth for three quarters in a row.
While the final numbers aren't in, economists Friday were ratcheting up growth projections to 3 percent or better for the fourth quarter, after December's strong retail sales and revisions to prior months.
"It could even grow at 3 percent for the year. The numbers are very strong," said Joseph LaVorgna, chief economist Americas at Natixis. He forecasts an above consensus growth pace of over 4 percent for the fourth quarter.
Economists in CNBC/Moody's Analytics Survey upped their median fourth-quarter GDP forecast Friday by a median 0.4 to 3 percent. NatWest Markets raised fourth-quarter GDP to 3.5 percent from 2.7 percent, based on a stronger view of the consumer, and the Atlanta Fed GDPNow shows fourth-quarter growth now at a pace of 3.3 percent, from 2.8 percent earlier in the week.
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