Vital Signs for the Week of Oct. 24
In the aftermath of the September hurricanes, analysts may have overreacted in assessing the damage to the economy. Economists surveyed by Action Economics believe growth achieved an annualized pace of 3.5% last quarter. In late September, the nonpartisan Congressional Budget Office projected the storms would trim economic growth in the third-quarter by between 1 and 1.5 percentage points, at an annual rate. Some private economists were trimming their growth forecasts for the quarter to around 3%.
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