Deconstructing the growth rate of the US economy in Q3

90% of the US economy is in recession mode and the remainder is propped up by European tax payers, government spending and USD strength.

The components of GDP

As the name says, GDP attempts to measure the output of an economy, i.e. what we achieve with our hands and brains collectively in a given period. It consists of the consumption of goods and services, private and public investment, exports and imports. Inventory changes play a role, too. It attempts to explain our economy from a pro…