With the second estimate, real GDP growth for Q3/17 was revised up 0.3 percentage point from the advance estimate of 3.0%.
The BEA reported indicated that the general picture of economic growth remains the same; nonresidential fixed investment, state and local government spending and private inventory investment were revised up based on more complete source data than previously available.
The third quarter increase in real GDP reflected positive contributions from consumer spending, inventory investment, nonresidential fixed investment, exports, and state and local government spending that were partly offset by a negative contribution from residential fixed investment.
We have already started to see news reports on the connection between the pandemic and climate-related issues. Satellite images show a marked fall in global nitrogen dioxide levels as the slowdown in non-essential travel and industrial activity has improved the... read more
The CEMC New York Forum focused on the New Age of Customer Experience in Fintech, featuring visionary speakers who shared cases of digital transformation. We are living in the Age of the Customer, and technology is transforming the way lenders... read more