GDP or Gross Domestic Product moved well into the most-likely-range of our forecast at 3.0%. As a comparison, we were at 1.4% GDP at the end of last quarter and 2.1 at the end of 2017. The current average rate is just slightly higher at 2.2%
GDP or Gross Domestic Product is near the lower end of our forecast at 1.4%. As a comparison, we were at 2.1% GDP at the end of 2017. The economy has cooled slightly in the first quarter from a year ago, but confidence is high.
GDP or Gross Domestic Product is one of the most important gauges of economic activity than any other variable. It is the culmination of all economic activity bundled into a single measure. This measure has also been one of the least understood and many times abused, especially during political campaigns.