U.S. Economy Grew Faster than Previously Thought

  • The U.S. GDP in Q2 2017 was revised up from previous estimates, growing at a rate of 3.1% from last year
  • While Q2 2017 showed strong GDP growth, growth will likely weaken in Q3 2017 has business activity has been slowed due to the Hurricane Harvey and Irma
  • Although the hurricanes will be a drag to Q3 2017, estimates are that the recovery spend will boost GDP growth in Q4 2017 and continue in 2018