GDP Up 3% Despite Hurricanes in Third Quarter
on October 27, 2017
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Despite two massive hurricanes, the GDP, which is the measure of goods and services produced in America, grew to 3% in the third quarter.
Experts estimated a growth of only 2.5% because of the natural disasters, but the "increase in inventory investment and a smaller trade deficit" helped offset the slow spending after the hurricanes.
The White House economists have also said that if the proposed changes to corporate taxes go through the GDP could jump between 3 and 5 percent in a few years.





