Economics

What Economists Are Saying Ahead of Third-Quarter U.S. GDP Data

U.S. Economy Moving Into Overheating, Carmignac Gestion Says
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Friday’s U.S. gross domestic product report, the last before the midterm elections that will determine control of Congress, will show just how much support the tight labor market and tax cuts are offering the economy amid rising uncertainty about trade.

While President Donald Trump said third-quarter growth would be “outstandingBloomberg Terminal,” economists project the expansion was a bit slower than the prior period, though still strong by recent standards.