HILL: Good news for the economy this morning. The GDP growth has been revised up to 2.1 percent. That's higher than the second quarter and it's growing at a faster rate than experts initially expected. CNN business correspondent, Cristina Alesci, joins me now. So what's fueling the growth and the good news?</s>CRISTINA ALESCI, CNN POLITICS & BUSINESS CORRESPONDENT: Erica, the consumer is feeling really good and continues to spend. This is a win that Trump can spin as evidence that he's generating economic growth. The 2.1 percent growth from the third quarter, which was revised up from an earlier estimate, is notable because so many analysts and investors have been worried about a possible downturn. Those concerns really stem from Trump's trade policies but also because the economy has been expanding for so long that economists are worried it can't go on forever. But apparently consumers think it can. They keep spending because of the very strong labor market. Also, Trump, to his credit, has been able to inspire confidence. Now, the growth number is also pushing markets higher. The S&P hit 10 new all-time highs this month. This also plays into Trump's narrative. Remember, in September, he said the markets would crash if he's not reelected. So the headline number is good, no doubt about it. But let's dig in a little and see what's really happening with the economy. First, the 2.1 percent growth number isn't that different from the kind of growth that Obama generated. Secondarily, businesses in general are less optimistic than the consumer. They're pulling back on business activity, like buying software, investing in research and development. All of that fell by 2.7 percent. That said, this number really looks good. Heading into the holiday season, looks like consumers will continue to spend -- Erica?</s>HILL: I was just thinking, yes, my e-mail is full of Black Friday deals, so get ready.</s>ALESCI: Thank you. Thanks to all of you for joining us this hour. I'm Erica Hill, in today for Kate Bolduan. Stay tuned. "INSIDE POLITICS" with John King starts right now.
New GDP Numbers Show Strong Economic Growth.