5% economy growth. Is it a great success or an issue for concern?

[Viking]

Original post removed (see explanation below)

[King]

I never get demands for more rapid growth.  It's begging for a recession

[Simfan34]

I feel bad glazing over posts, but I think it's safe to do so here- 5% economic growth is unambiguously good, it's not like we're at any risk of overheating (lol). I didn't even see any mention of inflation until the very end of it. 

[Ban my account ffs!]

I never get demands for more rapid growth.  It's begging for a recession

Growth is like a drug.

[Murica!]

Bloody useless is what this growth is, because the more we rise the harder we'll fall.

[King]

I feel bad glazing over posts, but I think it's safe to do so here- 5% economic growth is unambiguously good, it's not like we're at any risk of overheating (lol). I didn't even see any mention of inflation until the very end of it. 

You're always at risk of overheating. 5% growth is not normal or sustainable for a developed economy. It means something is being overproduced and a bubble is forming. Patience is a virtue.

[TheDeadFlagBlues]

I feel bad glazing over posts, but I think it's safe to do so here- 5% economic growth is unambiguously good, it's not like we're at any risk of overheating (lol). I didn't even see any mention of inflation until the very end of it. 

You're always at risk of overheating. 5% growth is not normal or sustainable for a developed economy. It means something is being overproduced and a bubble is forming. Patience is a virtue.

[Murica!]

I feel bad glazing over posts, but I think it's safe to do so here- 5% economic growth is unambiguously good, it's not like we're at any risk of overheating (lol). I didn't even see any mention of inflation until the very end of it. 

You're always at risk of overheating. 5% growth is not normal or sustainable for a developed economy. It means something is being overproduced and a bubble is forming. Patience is a virtue.

Capitalism is itself unsustainable.

[Tender Branson]

The US economy did not grow at a 5% clip in Q3, nor will it grow anywhere close to 5% for the whole year 2014.

That's just the misleading "annualized" calculation method that the American BEA uses.

The internationally comparable methods are "quarter on quarter" growth and "year on year" growth, which means Q3, 2014 compared with Q2, 2014 and Q3, 2014 vs. Q3, 2013.

The actual numbers are:

Q3 2014 vs. Q3 2013: +2.7%

The BEA actually publishes this here (Table 8]:

http://www.bea.gov/newsreleases/national/gdp/2014/txt/gdp3q14_3rd.txt

Q1 2014 was +1.9% and Q2 was +2.6%

If the 4th quarter is also ca. +2.7%, then the overall US growth rate for 2014 should come in at ca. 2.4-2.6%, which is up from 2.2% in 2013 (see Table 7).

...

The BEA actually does not publish Q/Q growth rates like most other countries in the world, but it amounted to ca. 1.2-1.3% growth vs. Q2, 2014.

That is still much better than most Eurozone countries, but the UK had a higher growth rate for 2014 than the US (ca. 3%).

[Deus Naturae]

GDP growth isn't always indicative of long-term prosperity. As King mentioned, it could just be short-term prosperity (a bubble), or it might not indicate prosperity at all; the government could just be paying people to produce something nobody actually wants.

[ag]

The original post seems to be blatant plagiarism: the author posted the text that appeared on a news site without even an attempt at attribution. This is unacceptable.

Post removed, topic locked.