Highlights and Lowlights in the GDP Report
Increased spending on consumer services is a very positive sign for the economy, but imports continue to be a headwind to GDP, says Morningstar's Bob Johnson.
Jeremy Glaser: For Morningstar.com, I'm Jeremy Glaser. GDP growth clocked in at 2% in the third quarter, driven by a better-than-expected consumer. I'm here with director of economic analysis Bob Johnson to take a deeper look.
Bob, thanks for talking with me today.