Growing GDP

Q4 GDP came in at 1.9% and CY2016 GDP growth was a weak 1.6%! While the details of each quarterly report change — this time household spending was up 2.5%, business investment rose a welcome 2.4%, while exports subtracted 1.7 percentage points from GDP — these results are in line with the 2.1% average growth rate since the end of the recession in 6/09. Look for 2017 GDP to improve to 2.3%.