GDP Increases at Not-Bad 3.5 Percent Rate in 3rd Quarter

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Today’s economic news is fairly good. GDP in the third quarter grew at a 3.5 percent annual rate, which means that the slowdown at the beginning of the year really does look like it was just a blip. Aside from that one quarter, economic growth has been pretty robust for over a year now.

At the same time, inflation continues to be very low, which you can take as either good news (if you’re an inflation hawk) or bad news (if you think the economy could use a couple of years of higher inflation).

We could still use some higher growth after five years of weakness, but at least we’re providing a bit of a counterbalance to Europe, which appears to be going off a cliff at the moment. Count your blessings.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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