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Hate to inject a bit a truth into this narrative, but it followed that Q3 growth result with a 4Q number of.... 2.6%.
Obama never achieved a GDP growth rate of 3% in any year. Businesses never trusted him.
Proof.
The U.S. economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment in inventories and equipment offset a moderation in consumer spending.
Gross domestic product expanded at a 3.3 percent annual rate in the third quarter also boosted by a rebound in government spending, the Commerce Department said in its second estimate on Wednesday. That was the fastest pace since the third quarter of 2014 and a pickup from the second quarter's 3.1 percent rate.
The economy was previously reported to have grown at a 3.0 percent pace in the July-September period. It was the first time since 2014 that the economy experienced growth of 3 percent or more for two straight quarters.
https://www.cnbc.com/2017/11/29/second-estimate-of-q3-2017-us-gdp.html
#economics