Posted on Oct 26, 2023
U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
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U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
Posted from cnbc.com
Economy
Economic Policy
Posted 1 y ago
Responses: 3
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I guess there is fear that a too fast growth in the GDP could add to inflation, but it looks like good news to me.
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SPC Carl Davis
An economic change. Prices won't come down much. Being made up by hot growth. Compare 1970 to 2000. Then 2000 to 2023. Growth demands profits in a Capitalistic system.
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Yet inflation has basically wiped out two months salary for the average working class family.
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