Thanks to the narrower-than-expected trade deficit, there’s been a BIG upward tracking in economic growth.
CNBC’s Steve Liesman and the New York Times’s Annie Lowery each tweeted that Macro Advisers has increased its estimate for GDP growth:
Macro Advisers: 3q GDP tracking 2.9%, up from advance est. of 2%. Enough to lower unemp. rate. 4q running just 1.3%
— steve liesman (@steveliesman) November 8, 2012
Macroeconomic Advisers bumps up Q3 GDP estimate to 2.9% annual pace.
— Annie Lowrey (@AnnieLowrey) November 8, 2012
Another strike against statistical “truthers” who think that the economy has just been manipulated ahead of the election.
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