Economy Improving?
Kind of but not really.
U.S. government officials have found that that has been a good positive change in the U.S. GDP during the late summer and early fall however top analysts are now claiming that these numbers over-exaggerate the strength of the U.S. economy.
According to NPR, the Commerce Department found that the American GDP increased by an annual rate of 2.6% for the months of July, August and September.
However, analysts are saying that these numbers are simply minor fluctuations which don’t really reflect the health of the U.S. economy.
chief economist at Moody’s Analytics Mark Zandi explained, “If you take a step back and look at GDP, it’s gone effectively nowhere over the last year. One quarter or two it’s down a bit. This quarter it’s up a bit. But net-net, we’re kind of treading water.”
Don’t be fooled by President Biden and the Democrats who will push this as good news. Like Zandi explained we are just making up for previous losses at the moment we are still only at just the ground floor when you really look at the bigger picture.
