Looks like things are still booming even though housing has slowed. I saw housing slow, but the pace of tourist activity here in Cal by the beach continues. Two things effecting the economy is the increased interest rates and uncertainty about the election. The fed should not have raised interest rate as the housing market was slowing due to high prices. One more quarter and Trump will be over 3% gdp for the year. perhaps more if we keep the house and Christmas is big.
Q4 has to have almost as strong of a showing as Q3 for 3% (well, 2.95, but it’ll be rounded up to 3% when reporting) annual growth. If you want ACTUAL 3% growth (without rounding), Q4 needs to show 4.2%.
Yeah, no. That’s not how annual GDP growth is calculated. Refer back to my post (or go to my thread in the economics category) if you want to have the actual numbers.
The annual GDP growth is not a simple average of the quarterly percentages. This is a fact. I’m not going to retype out the explanation. If you care to learn, go read my thread.
No. I calculated the average of the last 3 Q’s and and to keep that average going you need about 3% in Q4. I didn’t take 4 q’s and average them… … I used the word “about”, also.
I heart this post because I read your detailed explanation and it is above my pay grade or understanding for the most part. Thank you again for explaining it in detail. I never knew that there was a lot that goes into those calculations.
If we still had the sticky option on these boards, I would nominate that thread as a sticky.
4th quarter GDP needs to come in at 3.42, or an increase of 154.2 billion, to reach 2.95% annual GDP (which would be rounded up to 3% in reports). To reach actual 3% without any rounding, we’ll need 4.22% in Q4, or an increase of 190.3 billion.
Those are facts based on the actual math of the actual calculations used for real annual GDP growth.