Why US economic growth isn't as strong as it looks | By Mark Zandi for CNNBusiness Perspectives
Updated 2047 GMT May 1, 2019Mark Zandi is chief economist of Moody's Analytics. He was an advisor to John McCain's 2008 presidential campaign and supported Hillary Clinton in the 2016 presidential election. The opinions expressed in this commentary are his own.
.leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0 1.5rem 1rem 0; } } The US economy grew a surprisingly strong 3.2% in this year's first quarter, according to the latest real GDP estimate from the Bureau of Economic Analysis . This was about a percentage point more than expected by the consensus of economists who track this number.
The main message in the first-quarter gain is that worries about an imminent recession, widespread just a few weeks ago, were overdone. The economic expansion that followed the Great Recession remains in place and is on track to celebrate its 10th birthday in June. A month after that, it could become the longest expansion in US economic history.
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