October 30, 2019

Chart of the Day: GDP Growth Slows in Q3

GDP growth for the third quarter clocked in at an annual rate of 1.9 percent:

A single quarter doesn’t mean much, but the average growth rate for the past 12 months is 2.0 percent. That’s not the worst thing in the world, but it’s definitely a slowdown. It’s no wonder that Donald Trump wants the Fed to reduce interest rates to -3 percent or so.

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We’ll say it loud and clear: No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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