Peak GDP Growth; Dismal!

On a 4-quarter trailing basis real GDP growth peaked at 3.2% in Q3 of last year, declined to 2.8% in Q4 and now stands at just 2.3% If that Q3 peak of 3.2% holds, it will be the be the lowest post-recession GDP peak ever recorded in the post WWII era. For purposes of comparison, the peak growth rate coming out of the deep ’82 recession was about 7%.

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