Does Trump Deserve Credit For Growth?

US economic growth was revised up to a 3.3% pace in yesterday second GDP estimate for the third quarter – the strongest quarterly rise in three years. Fourth-quarter estimates look upbeat too, holding out the possibility that output will rise by 3%-plus for three quarters in a row. If the Q4 prediction is correct, the US will post its best cumulative three-month advance since the 2014:Q3-2015:Q1 run.

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