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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This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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