December 23, 2023

According to the US Commerce Department, the US economy grew at a 5.2% annual rate during the third quarter. The latest economic reading reflects an even faster growth rate than the Commerce Department had anticipated. The Biden administration did not waste any time crediting Bidenomics for the faster-than-expected expansion rate. But is the economy is doing as well as the administration claims? If so, is the economic expansion sustainable? The final question being whether there is an alternative explanation and forecast?

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