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This is a quick first take on today’s 2019 Q4 GDP report. I will have a full review early next week.
A Slow Trudge Is The Best Case
That subject heading was the title of my Q3 GDP review, and what we see in today’s GDP report is more of the same. Real GDP growth came in at 2.1% annualized QoQ and 2.3% in the full-year window.
I think it could go to 4, 5, and maybe even 6%, ultimately.