The latest GDP number suggests inflation-adjusted annual growth of 4.2%.
However, gross domestic income (GDI) (produced by the Bureau of Economic Analysis )
Both the GDP and GDI are estimates of economic growth (with one focused on expenditure and the other on income).
The GDP-GDI average suggest economic growth rate to be in the 3% range.
This average may prove to be a useful early warning of economic conditions as investor worries grow over "peak growth" and anticipation of the next recession.
This average can be charted using data from FRED & Quandl:
('QUANDL:FRED/A261RL1Q225SBEA'+'QUANDL:FRED/A191RL1Q225SBEA')/2
More info:
bloomberg.com/view/articles/2018-08-30/gdp-and-gdi-are-both-just-approximations-of-u-s-economic-growth
However, gross domestic income (GDI) (produced by the Bureau of Economic Analysis )
Both the GDP and GDI are estimates of economic growth (with one focused on expenditure and the other on income).
The GDP-GDI average suggest economic growth rate to be in the 3% range.
This average may prove to be a useful early warning of economic conditions as investor worries grow over "peak growth" and anticipation of the next recession.
This average can be charted using data from FRED & Quandl:
('QUANDL:FRED/A261RL1Q225SBEA'+'QUANDL:FRED/A191RL1Q225SBEA')/2
More info:
bloomberg.com/view/articles/2018-08-30/gdp-and-gdi-are-both-just-approximations-of-u-s-economic-growth
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.