Home
Our Firm
Our Services
Client Events
News
Financial Briefs
Client Update
Resources
Client Access
Disclosure
Contact Us
More Articles  Printer Friendly Version

 

The Truth About U.S. GDP Growth

Second-quarter economic growth surged 4.1%, the best it's been since the third quarter of 2014.

Almost immediately, the strong GDP report sparked debate as to whether it was a one-time shot.

Here are the facts.

This chart shows the Trump administration's forecast for GDP growth versus forecasts from the non-partisan Congressional Budget Office and the U.S. Federal Reserve.

The difference between the Trump administration's growth forecast and those of the CBO, Fed, and private economists surveyed in The Wall Street Journal is explained by differing opinions about supply-side economics.

Most economists remain skeptical of the economic benefits that will result from the recent cut in federal taxes.

That's the facts.


Email this article to a friend


Index
Say Goodbye To Stretch IRAs And Get A New Plan
Tax Alert: Plan Now For The Demise Of Stretch IRAs
Prepare For A Sweeping New Law On Retirement Account Taxes
U.S. - China Trade War Coverage Distorts Economic Reality
How To Give Gifts And Not Trip On The Gift Tax
Give To Charity From An IRA To Lower Your Tax Bill
Staying Realistic About Investing Amid Volatile Market Swings
How To Swap Real Estate And Defer Taxes, Maybe Forever

This article was written by a professional financial journalist for Briggs Wealth Management, Inc. and is not intended as legal or investment advice.

©2019 Advisor Products Inc. All Rights Reserved.