White House's Hassett Says 4Q GDP Data a 'Slight Negative Surprise'

The video discusses the recent GDP growth rate of 2.6%, which was lower than expected due to factors like trade and inventories. The impact of the tax bill on imports and durable goods orders is analyzed, highlighting a potential capital spending boom. The discussion also covers the effects of hurricanes on import numbers and the broader economic implications of tax changes. The video concludes with an analysis of the business cycle, emphasizing that recoveries don't die of old age but due to factors like oil shocks. Global economic policies and their positive impact on growth forecasts are also discussed.

How did hurricanes impact the import numbers in the third quarter?

What does the upward trajectory of capital spending suggest about the economy?

What is the overall sentiment regarding the economy's growth pace as discussed?