– The U.S. economy has begun to reap the benefits of supportive fiscal policy, e.g., lower tax rates, deregulation, and increased government spending.
– The breakdown of GDP by economic sector helps to highlight the drivers of strong GDP growth and how fiscal policy has been making an impact.
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Source:
LPL Research, U.S. Bureau of Economic Analysis 07/18/18
Important Disclosures:
Illustration is historical and no guarantee of future results.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
The opinions voiced in this material are for general information only and are not intended to provide or be construed as providing specific investment advice or recommendations for any individual security.
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