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Keyword: gdp

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  • Atlanta Fed: Q2 GDP estimate rises to 4.8% from 4.6%

    06/15/2018 6:05:00 AM PDT · by Alas Babylon! · 8 replies
    Fixstreet ^ | 15 June 2018 | Eren Sengezer
    "The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.8 percent on June 14, up from 4.6 percent on June 8," the Federal Reserve Bank of Atlanta said in its latest GDPNow report on Thursday. After this morning's retail sales release from the U.S. Census Bureau, the nowcast of second-quarter real personal consumption expenditures growth increased from 3.4 percent to 3.6 percent. The next GDPNow update is scheduled to be released on Tuesday, June 19.
  • Trump's Forecast Of 4% GDP Growth Close To Coming True As Americans Spend Tax-Bill Proceeds

    06/14/2018 3:52:44 PM PDT · by Enlightened1 · 15 replies
    CNBC ^ | 06/14/18 | Patti Domm
    Surging consumer spending is driving GDP well above prior estimates, and it is now tracking near 4 percent for the second quarter. That's almost double the pace of the first quarter. Economists say the consumer is seeing the impact of the tax cuts and is spending, as a result of more disposable income Armed with new-found proceeds from the tax bill, American consumers went shopping in May, driving retail sales — and economic growth — sharply higher. The economy in the second quarter is tracking close to 4 percent growth — a level President Donald Trump raved about last December,...
  • Atlanta Fed Boosts Second Quarter GDP Forecast to 4.8%

    06/01/2018 6:59:41 PM PDT · by Enlightened1 · 28 replies
    Breitbart ^ | 06/01/18 | John Carney
    The U.S. economy is expanding at a 4.8 percent annualized rate in the second quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday. The forecast has been climbing higher following the release of a series of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs report for May. The Atlanta Fed forecasts a big boost in private sector fixed investment, which includes capital investment in machinery, land, buildings, vehicles, and technology. Earlier, the Atlanta Fed saw...
  • First-quarter US GDP revised to 2.2%, vs 2.3% growth expected

    05/30/2018 9:15:59 AM PDT · by SeekAndFind · 8 replies
    CNBC via Reuters ^ | 05/30/2018
    U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but income tax cuts are likely to boost activity this year. Gross domestic product increased at a 2.2 percent annual rate, the Commerce Department said in its second estimate of first-quarter GDP on Wednesday, instead of the previously reported 2.3 percent pace. The economy grew at a 2.9 percent rate in the fourth quarter. There are signs GDP growth gathered momentum early in the second quarter, with solid consumer spending, business investment on equipment and industrial production in...
  • New Study Shines Light — Literally — On China's And Russia's Fake GDP Data

    05/18/2018 7:07:10 AM PDT · by SeekAndFind · 10 replies
    IBD ^ | 05/18/2018
    GDP Fraud: Countries ruled by an authoritarian regime often cheat on their official GDP data, a new study shows. No surprise, really. But how do we know this? Well, it's all about the light.XWhat do we mean? A new working paper by Luis R. Martinez of the University of Chicago with the amusing title "How Much Should We Trust the Dictator's GDP Estimates?" explores the unusual, but direct, link between the amount of light produced by an economy — as captured and measured through nighttime satellite photographs — and its GDP.The surprising result: Martinez concludes that economies in authoritarian...
  • Larry Summers: Trump’s economic growth is 'unsustainable'

    05/01/2018 11:38:06 AM PDT · by SoFloFreeper · 37 replies
    Yahoo Fake Finance "News" ^ | 5/1/18, The Communist Holiday | R Newman
    The US economy could grow at or above President Trump’s goal of 3% this year. And White House economists predict it’ll be that way indefinitely. Former Treasury Secretary Larry Summers sees it differently. “Yes, we are growing at a reasonably rapid rate, but it’s taking unsustainable fiscal deficits to drive us to that point,” Summers told Yahoo Finance at the Milken Institute Global Conference in Los Angeles. “It’s taking unsustainable increases in credit to drive us to that point. It’s taking unsustainable increases in asset prices. You can always generate a sugar high. The real problem for us is not...
  • First reading on first-quarter GDP up 2.3%, vs 2.0% growth expected

    04/27/2018 1:39:08 PM PDT · by SeekAndFind · 18 replies
    CNBC via Reuters ^ | 04/27/2018
    The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product increased at a 2.3 percent annual rate, the Commerce Department said in its snapshot of first-quarter GDP on Friday, also held back by a moderation in business spending on equipment and investment in home building. The economy grew at a 2.9 percent pace in the fourth quarter. Economists polled by Reuters had forecast output rising at a 2.0 percent...
  • CBO Projects: GDP Headed To 15-Year High

    04/24/2018 8:46:48 AM PDT · by Olog-hai · 6 replies
    Cybercast News Service ^ | April 24, 2018 | 7:50 AM EDT | Terence P. Jeffrey
    The Congressional Budget Office’s budget and economic outlook released this month projects that real Gross Domestic Product will grow by 3.3 percent from the fourth quarter of 2017 to the fourth quarter of 2018. That would mark a 15-year high. “In CBO’s projections, real GDP expands by 3.3 percent this year and by 2.4 percent in 2019,” says the CBO report. “It grew by 2.6 percent last year.” The last time real GDP grew by more than 3.3 percent from the fourth quarter of one year to the fourth quarter of the next was in 2003, when it grew by...
  • GREAT AGAIN: GDP Smashes Expectations, HITS 15 Year HIGH

    04/24/2018 7:27:51 AM PDT · by Enlightened1 · 34 replies
    Sean Hannity ^ | 04/24/24 | Hannity Staff
    New statistics released by the Congressional Budget Office projected record breaking GDP growth throughout 2018; smashing expectations and signaling a robust US recovery under President Trump and the GOP-controlled Congress. According to CNS News, the strong data shows Gross Domestic Product growing by at least 3.3 percent from the fourth quarter of 2017 to the fourth quarter of 2018; the highest level of growth seen in at least 15 years. “In CBO’s projections, real GDP expands by 3.3 percent this year and by 2.4 percent in 2019,” says the CBO report. “It grew by 2.6 percent last year.” “In our economic...
  • U.S. fourth-quarter growth revised up to 2.9 percent; consumer spending surges

    03/28/2018 11:27:44 AM PDT · by Oldeconomybuyer · 8 replies
    Reuters ^ | March 28, 2018 | by Lucia Mutikani
    U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports. Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third estimate for the quarter on Wednesday. That was a slight moderation from the third quarter’s brisk 3.2 percent pace. The upward revision to the fourth-quarter growth estimate also reflected less inventory reduction than previously reported. Economists polled by...
  • All that optimism for hot first-quarter economic growth is rapidly fading away

    03/14/2018 1:06:52 PM PDT · by SoFloFreeper · 16 replies
    cnbc ^ | 3/14/18 | Jeff Cox
    Back in late January the Atlanta Fed was calling for a 5.4 percent GDP gain, but on Wednesday it said growth likely will be just 1.9 percent.
  • Revised fourth-quarter US GDP up 2.5%, matching expectations

    02/28/2018 9:35:09 AM PST · by SeekAndFind · 16 replies
    CNBC via Reuters ^ | 02/28/2018
    U.S. economic growth slowed slightly more than initially thought in the fourth quarter as the strongest pace of consumer spending in three years drew in imports and depleted inventories. Gross domestic product expanded at a 2.5 percent annual rate in the final three months of 2017, instead of the previously reported 2.6 percent pace, the Commerce Department said in its second GDP estimate on Wednesday. That was a deceleration from the third quarter's brisk 3.2 percent pace. The downward revision to the fourth-quarter GDP growth estimate largely reflected a smaller inventory build than previously reported. It was in line with...
  • The Trump Economy: Is 3% GDP Growth Realistic?

    02/27/2018 8:16:15 AM PST · by SeekAndFind · 16 replies
    IBD ^ | 02/27/2018 | Robert Samuelson
    The role of economic growth in advanced democracies is not mainly the accumulation of more material goods. By any historical norm, even today's poor are staggeringly wealthy.XEconomic growth plays a more subtle role. It gives people a sense that they are getting ahead and are in control of their lives. It serves as the social glue that holds us together and counteracts -- to some extent -- the influences of race, class, religion, ethnicity and geography, which drive us apart.But what if economic growth can no longer perform this vital function? What if the economy has entered a prolonged...
  • JP Morgan slashes GDP estimate to 2.5% after 'hotter than Hades' inflation report

    02/20/2018 1:18:04 PM PST · by SeekAndFind · 14 replies
    CNBC ^ | 02/20/2018 | Thomas Franck
    J.P. Morgan slashed expectations for U.S. economic growth in the first quarter thanks to Wednesday's "hotter than Hades" inflation reading and "ugly" retail sales numbers. The bank's chief U.S. economist explained that the Labor Department's "scorching" core consumer price index measure likely means an emboldened Federal Reserve. "While it is still early going, we are taking down our outlook for first-quarter gross domestic product from 3.0 percent to 2.5 percent," wrote economist Michael Feroli. "Today's inflation reading should probably cement in place the Fed's intent to hike rates at the March FOMC meeting." The economist added that core CPI posted...
  • The 2017-2018 economic recovery

    02/12/2018 5:48:53 PM PST · by markomalley · 5 replies
    Washington Times ^ | 2/11/18 | Peter J. Ferrara
    Whatever happened to the New Normal? First, Obama Democrats told us that what looked like long-term stagnation under President Obama’s economic policies, with growth stuck at 2 percent on average for his whole eight years in office, was the New Normal that the American people were going to have to get used to, the best we could do now.That was after the worst recession since the Great Depression, making 10 years of insignificant growth, even though the historical pattern is the worse the recession the stronger the recovery.Republicans who argued that we could still do much better with 3 percent,...
  • The Constitutional Amendment That Would Rein in Spending

    02/08/2018 5:37:54 PM PST · by Tolerance Sucks Rocks · 21 replies
    The Daily Signal ^ | February 7, 2018 | Walter E. Williams
    Some people have called for a balanced budget amendment to our Constitution as a means of reining in a big-spending Congress. That’s a misguided vision, for the simple reason that in any real economic sense, as opposed to an accounting sense, the federal budget is always balanced. The value of what we produced in 2017—our gross domestic product—totaled about $19 trillion. If the Congress spent $4 trillion of the $19 trillion that we produced, unless you believe in Santa Claus, you know that Congress must force us to spend $4 trillion less privately. Taxing us is one way that Congress...
  • Why "Gross Output" Is Way Better Than GDP At Telling Us How The Economy Is Doing

    02/08/2018 3:28:35 PM PST · by sloop3 · 9 replies
    Free Market Central ^ | 2/8/2018 | Free Market Central
    “Gross domestic product,” popularly known as GDP, measures spending on finished goods and services. GDP grew 2.6 percent in the fourth quarter of 2017 and is expected to grow far more in the first quarter of this year. But is GDP the best measure of economic activity?
  • Atlanta Fed Sees GDP Rocketing To 5.4% In First Quarter (Trumps's Economy)

    02/02/2018 5:23:03 AM PST · by blam · 9 replies
    Breitbart ^ | 2-2-2018 | John Carney
    The American economy is on track to grow at a 5.4 percent annualized rate in the first quarter of this year, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday. The regional Fed’s forecast rose from last week’s 4.2 percent growth following a report on manufacturing that showed more expansion than expected. The forecast of real consumer spending growth rose from 3.1 percent to 4.0 percent, while the forecast of investment growth soared from 5.2 percent to 9.2 percent. This is an early reading, based on just one-months data. Even the most optimistic economists do not expect the economy...
  • One of Wall Street's most-followed forecasters has a wild new prediction for US economy (Above 5%)

    02/01/2018 2:31:04 PM PST · by SeekAndFind · 4 replies
    Business Insider ^ | 02/01/2018 | Akin Oyedele
    * The Atlanta Fed's GDPNow model forecasts 5.4% gross domestic product-growth in the first quarter. * That's much higher than what even the most bullish economists expect, but is based on only one month's worth of data for the quarter. * Many economists expect the economy to grow closer to 2.5% through 2019. One model that forecasts the US economy's performance could shock even President Donald Trump if it ends up being accurate. The Atlanta Federal Reserve's GDPNow model projects that gross domestic product would increase at a 5.4% annualized rate in the first quarter. The last time the economy...
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:42:53 AM PST · by gubamyster · 26 replies
    Reuters ^ | 02/01/2018 | Staff
    NEW YORK (Reuters) - The U.S. economy is on track to grow at a 5.4 percent annualized rate in the first quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday. The latest estimate on gross domestic product was faster than the 4.2 percent growth pace calculated on Monday, the Atlanta Fed said.