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That is an annualised figure, which means they took the Q3 figure by itself and multiplied it by 4. US annualised growth in Q1 would've been -2%. Between Q1/2/
by dukeyukey 9mo ago
That is an annualised figure, which means they took the Q3 figure by itself and multiplied it by 4. US annualised growth in Q1 would've been -2%.
Between Q1/2/3, US growth has been about 1.6%.
Wait until the whole year figures come out.
- jacquesm 9mo agoAnd you have to wonder: if they do come out, are they truthful or are they fabricated.
- WarmWash 9mo agoHoliday spending was up 6.8% YoY and the highest spending on record. About 67% of GDP comes from consumer spending. It's very unlikely the US doesn't have strong GDP numbers for 2025. K-shaped economy and all that