It is possible that the hurricanes that hit in August and September had a bigger impact on measured GDP growth in the fourth quarter than in the third. ... The hurricanes probably dragged on investment, too.
More Quotes from Nigel Gault:
We are now at the point where Hurricane Katrina's effects are adding to job creation rather than detracting from it.Nigel Gault
We believe the numbers today are confirming our view that growth will be soft throughout the rest of the year.
Nigel Gault
This latest report is unmistakable evidence of an improving economy. What you have to look for is evidence that the fourth-quarter slowdown in economic growth will continue. And this jobs report is evidence that just the opposite is happening.
Nigel Gault
These figures suggest that growth is stable but not extremely strong. These figures should add to the conviction in financial markets that the Fed will soon be able to stop raising rates.
Nigel Gault
With consumers likely to return to the malls from the auto showrooms, spending in other areas will pick up again, especially once cooler weather arrives to give a boost to fall clothing,
Nigel Gault
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