THE MOST IMPORTANT NEWS - BACK BELOW "STALL SPEED": 2016 ECONOMY MATCHES WORST YEAR SINCE GREAT RECESSION

Back Below “Stall Speed”: 2016 Economy Matches Worst Year since Great Recession

BY MICHAEL ON JANUARY 27, 2017

The consensus forecast by economists predicted that the US economy would grow at an rate of 2.2% in the fourth quarter, as measured by inflation-adjusted GDP. The forecasts ranged from 1.5% to 2.8%. The New York Fed’s “Nowcast” pegged it at 2.1%, and the Atlanta Fed’s “GDPNow” at 2.9%. And today, the Bureau of Economic Analysis reported that growth in the fourth quarter was a measly 1.9%.

That was down from 3.5% in the third quarter, a spurt that had once again given rise to the now gutted hopes that the US economy would finally emerge from its stall speed. But instead it has slowed down.

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