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Eric L. Davis: Economy doesn't match expectations

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Posted on July 27, 2017 |
By Eric L. Davis



On Friday, the Commerce Department’s Bureau of Economic Analysis will release its initial estimate of U.S. economic growth in the second quarter of 2017. The consensus among economists is that the April-to-June growth number will come in at somewhere between 2.4 and 2.6 percent. While this would represent a substantial improvement from the 1.4 percent growth in the first three months of the year, it is well below the 3 percent-plus target for GDP growth that is part of the Trump Administration’s economic forecasts.

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