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GDP GROWTH SLOWER IN 3Q This article is about the slowest pace of the economy in four years in the third quarter The s of GDP according to the Commerce Department was reportedly 24 percent in the quarter down from the estimated 27 percent rate Some say the percent is even lower The drop from the second quarters 56 percent rate was an obviously large plumment attributed to the downturns in investment and in federal government spending as well as less inventory building by businesses Since the 1999 it is said that the Fed has raised rates six times and economists feel that theythe FEDare finally getting what they want by this decline in GDP Some like economist Oscar Gonzalez feel that the slowing trend will continue and the FED will become uneasy possibly wanting to undo what theyve done and start easing rates The article deals greatly with macroeconomic elements because it has to do with the GDP of one of the most if not the most powerful country in the world What happens here effects just about everyone The article also mentions the causes of such declinesdownturns in investment and in federal government spending as well as less inventory building by businesses as mentioned earlier It talks about the FEDs paternal clench on the economys well being and the fact that sometimes their strong policies turn around on them and they must reverse what they have done It also says that this slower economic growth is helping inflation and that no matter the sudden decline our economy is still healthy Every article I read about the economy makes me more and more aware of what is going on In never ceases to amaze me that most of this information strikes a chord with what I already know With all the talk about the possible impending recession and upcoming depression it is always good to read that our economy is in
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