Tag: GDP Growth

By Stephen Moore | Commentary, Fox News Professional forecasters underestimated GDP growth by nearly 50% as third quarter hits 4.3% despite predictions of economic slowdown. Well, Donald Trump has done it again! He stumped the chumps. The "chumps" in this case were the "blue-chip" academic and financial economists whose consensus forecast this time last year predicted high inflation and low economic growth. They were wrong on both counts. As you've probably heard, GDP growth for the third quarter came in at a red-hot 4.3%, following 3.5% for the second quarter. Some 90% of professional economists got it wrong — all underestimating the strength of the Trump economy. QED: These weren't random errors. These were "hate Trump" errors. They also...