Editor's Note: This post was originally published on 2 July 2018 on Patreon.
The latest revision to the GDPNow tracker came in at 4.1% growth today. With Q2 now over, we are going to get just a few more data points before the first GDP growth estimate is released at the end of the month. I continue to believe we will see the numbers well above 3% in real terms. And the forward looking indicators suggest this momentum will continue well into the future.
Support for growth from personal outlay...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.