U.S. quarterly growth rate in the 3rd quarter is seen rising by 0.4% versus 2nd-quarter growth of 0.5%. By comparison, Germany is facing back to back economic contraction
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The U.S. growth rate in the third quarter will be better than every G-7 nation, better than Brazil and better than South Africa. He should have said a Merkel victory in 2017 would have ruined Germany’s economy. At least there we could have argued that he had a point. Italy isn’t growing at all; the U.K. went from contraction to 0.10% despite Brexit blowing a hole in the economy. France is growing at 0.3% and holding its own.
It’s slowing from its previous infusion of fiscal stimulus, but remains at a solid 1.9% annualized thanks to consumer spending, according to Commerce Department data released on Wednesday.
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