GDP

Hurricane Florence likely depressed sales in bars and restaurants while boosting auto sales.

The U.S. economy expanded at an annualized pace of 4.2 percent in the second quarter, the Commerce Department said Thursday.

Elaine Parker writes in Real Clear Policy about the policy avenues being pursued in the expanding economy to assure small businesses have competitive access to qualified, skilled workers to fill their growing needs.

President Donald Trump mocked an old quote from former President Barack Obama on Monday, joking that he must have found a “magic wand” for economic growth.

WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer spending.

The UK’s economy bounced back in the second quarter of the year, doubling from 0.2 percent to 0.4 percent growth, boosted by the good weather as salaries continue to rise with fewer EU migrants depressing wages.

They said it couldn’t be done. They mocked Trump for even trying. Now economists agree that we’re in a 3 percent growth economy.

For decades, the big business lobby, ideologically globalist politicians, and economists have claimed that the only route to increasing the United States’ Gross Domestic Product (GDP) is through increasing legal immigration levels. 

The data underlying the 4.1% second quarter GDP growth suggest the economy may be even stronger than it looks.

President Donald Trump celebrated the Q2 4.1 percent GDP news on the South Lawn of the White House on Friday, adding that trade deals coming in will push future GDP numbers higher.

U.S. GDP rocketed up to 4.1 percent in Q2, a rise far outpacing the Q1 2.2 percent. The rise is the fastest since 2014, according to reports.

A bigger pullback in consumer spending brought first-quarter economic growth down to just 2 percent. The good news? The economy appears to have accelerated by a lot in recent months.

The Finance Ministry of Slovakia reported this week that the nation’s economic growth will swell to nearly five percent next year as a result of increased automotive output, in one of Europe’s greatest economic success stories.

The American economy is accelerating while economies from Europe and Asia slow, casting doubt on claims that recent strength was due to “global” factors or that Trump trade policies would hurt the U.S.

The Atlanta Fed’s GDPNow forecasting model moved up on Thursday to indicate the economy growing at a 4.8 percent pace in the second quarter.

The GDPNow forecast has been climbing higher following the releases 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 American economy grew slightly less than initially estimated in the first three-months of 2018, the Commerce Department said Wednesday.

Hard to believe, but we’re almost halfway through the second quarter of the year. That’s the point where it makes sense to start checking in on where the regional Fed banks’ forecasting models see GDP growth for the quarter.

Friday on CNBC’s “Squawk Box,” network CME Group floor reporter Rick Santelli reacted the unveiling of the first quarter of 2018 gross domestic product number, which came in at 2.3 percent and beat expectations. “Holy cow, better than expected —

The U.S. economy slowed by less than expected in the first quarter, with gross domestic product expanding at a 2.3% pace.

The upward revision means the economy was much closer to the 3 percent growth targeted by the Trump administration. 

A lower than expected retail sales number Wednesday has many economists revising down their forecast of first quarter gross domestic product.

The unelected European Commission has made dire predictions for the UK economy ahead of Brexit trade talks, contradicting the recent claims of the Chancellor.

Good news about manufacturing and home construction has pushed up the Atlanta Fed’s forecast to an eye-popping level.

Growth as we currently understand it — or are led to understand it — is just another establishment cudgel by which we are beaten around the head. I say if the argument is for national sovereignty — the right to make our own destiny, and maybe even our own mistakes ourselves — versus “growth”, well give me nil growth.

Consumer spending and business equipment investment accelerated but trade and inventories dragged down overall economic growth.

A trio of economic data released Thursday indicate that the economy is growing, fewer Americans are losing jobs, and manufacturing is strong.

According to research from the Center for Economics and Business Research in London, China will overtake the United States as the world’s largest economy by 2032.

Here are seven amazing facts about Trump’s booming economy that include record low unemployment, soaring optimism, and stock market records.

“Economists had been penciling in a boost of about a third of a percentage point next year. Now that is looking way low,” the WSJ reports.

Thanks to a rapidly expanding economy, a booming stock market, real job growth, and the optimism that comes with all of that, President Trump’s approval rating jumped to 42 percent, according to CNBC.

The Trump economic boom is picking up steam as American heads into the final weeks of the president’s first year in office.

The Atlanta Fed’s real-time forecast of economic growth now says GDP appears to be growing at a 3.3 percent annualized rate, up from 2.9 percent on December 8.

Stronger economic growth in the second and third quarters of 2017, when the economy grew by more than a three percent annualized rate, pushed economic output higher than what the Congressional Budget Office refers to as “potential gross domestic product.”

The message from the New York Fed is simple: the economy is booming. Economists predicted we would grow just 2.5 percent in the fourth quarter.