Trump's 'Anti-Robinhood' Policies Undermine GDP Gains For Most Americans, Says Economist Justin Wolfers: Warns The Figure 'Could Get Revised'
Bullish
61.8
Economist Justin Wolfers is downplaying optimism surrounding the recent U.S. GDP figures, which surprised to the upside at 4.3% for the July to September quarter, while warning that current policy choices are preventing the benefits of this from reaching most Americans.
Trump’s ‘Anti-Robinhood’ Policies
On Sunday, Wolfers cautioned against reading too much into early estimates of economic performance, noting that these figures “could get revised away” at any time, while appearing on MS Now’s “The Weekend Primetime.”
Wolfers said the more important question is not whether the economy is technically expanding, but whether that growth is producing meaningful improvements for households, to which he said that there was a good argument that it was not.
See Also: After A 4.3% GDP Boom, Traders
Trump’s ‘Anti-Robinhood’ Policies
On Sunday, Wolfers cautioned against reading too much into early estimates of economic performance, noting that these figures “could get revised away” at any time, while appearing on MS Now’s “The Weekend Primetime.”
Wolfers said the more important question is not whether the economy is technically expanding, but whether that growth is producing meaningful improvements for households, to which he said that there was a good argument that it was not.
See Also: After A 4.3% GDP Boom, Traders
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