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Economic Sentiment Belies Strong Economic Estimates
Economic Sentiment Belies Strong Economic Estimates
Authored by Lance Roberts via RealInvestmentAdvice.com,
Economic growth metrics for the United States have recently shown surprising resilience; however, consumers’ economic sentiment has not.
According to the Bureau of Economic Analysis’s advance estimate, real Gross Domestic Product expanded at an annualized rate of just 1.4%, well below expectations and a steep drop from the 4.4% pace in the third quarter. However, the record-long federal government shutdown, which ran from October 1 through November 12, subtracted roughly 1 full percentage point from growth, as federal outlays plunged...
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