After a strong year, GDP likely headed for a dip in 2019
Despite the drama around the Federal Reserve hiking interest rates, financial markets gyrating and stock indexes tanking, we got a snapshot of the whole economy this morning. The final reading on third-quarter gross domestic product was slightly lower than expected at a 3.4 percent annual growth rate. Marketplace’s Mitchell Hartman explains why this year’s very strong economic expansion is not likely to be repeated over the coming year.
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