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United States

Report | Much to cheer this holiday season

Summary

While most of the country used the holiday season to take a respite, the economic data did no such thing. Although the last two weeks were generally quiet with few releases, the results reaffirmed a generally optimistic view. 

Real GDP growth for the third quarter of 2016 was revised upward again to 3.5 percent from 3.2 percent—the fastest pace of growth since Q3  2014. This revised pace is almost certainly unsustainable and will make things a bit more challenging for GDP growth in the fourth quarter (which should be in the 2.0 percent to 2.5 percent range based on current observations).

We can now put to rest any concerns about the economy faltering in 2016. Learn more in our complete economic insight report for January 3, 2017.

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