The recent spate of positive economic news has prompted some to raise their forecasts for Q4 quarterly growth to as much as 0.6%, double the average seen in 2017 so far. We have our doubts over whether GDP growth did grow by much more than Q3’s 0.4% rate. However, our expectation that quarterly GDP growth held steady in Q4 would still leave growth over 2017 as a whole at 1.8%, providing a solid platform for growth this year.
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