It isn't enough to sat that consumption and investment rose. In order to fully understand what is going on in the economy you must look deeper. Consumer spending actually rose right above 3% and the main reason for the increase was that not only are consumers spending more on goods and services but car purchases rose. It is a great sign to see an increase in car purchases for it usually has an accurate read on growth in the economy. Moreover, the economy saw a 0.6% increase in investments. This combination led the GDP growth rate to break 3%.
However, in order to get a full grasp of the economy we must look at other factors such as inflation. The economy saw that the rate of inflation fell from 2% to right around 1.6% which is a great sign. This means that prices are not increasing faster than the GDP which is a good sign of a growing economy. Although, there are several factors that one must look at to understand everything in the economy, these are just a few factors that play a role in our vast economy.
http://www.marketwatch.com/story/us-economic-growth-hits-3-rate-in-second-quarter-2017-08-30
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