Final GDPNow nowcast estimates third quarter GDP will come in at a robust 3.3%. The actual release will be on the 30th.
The final nowcast tends to be pretty accurate.
GDP growth has been stellar during Biden's presidency.
The IMF expects the US economy to be one of the best in the world. Of the G7 countries, we are expected to have the best economic growth this year. A feat we also accomplished in 2023.
And for 2025, the IMF expects us to keep growing and for inflation to reach the Fed's target.
In a bit of irony, much of our economic success has been due to immigration. Trump may very well kill the engine of the US economy if he is elected again.