Editor's note: This article was originally published on October 30, 2019 by James Hamilton here.
The Bureau of Economic Analysis announced on Wednesday that U.S. real GDP grew at a 1.9% annual rate in the third quarter of 2019. That's a little below the 2.3% average rate since the recovery from the Great Recession began in 2009 Q3.
Real GDP growth at an annual rate, 1947 Q2-2019 Q3, with the 1947-2019 historical average (3.1%) in blue and post-Great-Recession average (2.3%) in red.
Year-over-year growth rates have been slowing a little.
Quarterly GDP growth at