GDP - Page 6

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.

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.

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.

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.

The economy’s rate of economic growth was revised up Wednesday to the fastest pace in three years, the Commerce Department said Wednesday.

Third quarter economic growth comes in much higher than expected.

Economic growth might slow but so would population growth. As a result, GDP per capita would be higher.

President Donald Trump declared that “America is on the verge of a golden age for small business” to a room full of entrepreneurs and legislators at the White House on Tuesday, using a 16-year low in unemployment, 2.6 percent GDP, and a record stock market high as evidence.

Better but not quite great.

Northern Atlantic Treaty Organization (NATO) Secretary General Jens Stoltenberg said on Wednesday that NATO will increase spending to move toward the organization’s requirement that member nations pay 2 percent of their Gross Domestic Product (GDP) to support security and military operations.

Data points toward lower economic growth.

President Donald Trump urged members of the NATO alliance to start paying their fair share Thursday in Brussels, pointing out that their failures were hurting American taxpayers.

The Atlanta Fed’s nowcast rose to 4.1 percent.

The Fed doesn’t appear worried about the slow pace of economic growth in the first three months of the year, saying that the slowdown is “likely to be transitory.”

The media that tried to pin sluggish first quarter growth on Trump was heaping praise on Obama as the economy contracted in 2009.

There were signs of a Trump-induced revival of business activity in the quarter. Consistent with surveys that have shown rising business sentiment, business investment improved, with spending on equipment rising at a 9.1 percent annualized rate.

The Milken Institute School of Public Health at George Washington University has estimated that from a public sector viewpoint, repealing Obamacare would cost the State of California $20.7 billion in federal funding and eliminate 334,000 jobs.

President Barack Obama set the all-time record in November 2016 for the number of regulatory pages in the Federal Register at 81,640 pages, but in the last month he has pushed that record up by over 12 percent to 91,642 pages.

Donald J. Trump, the Republican nominee for president, is in a unique position to be able to tell the Wall Street lobbyists and special interests to “go to hell” while he actually fixes the U.S. economy, his senior economic adviser Peter Navarro told Breitbart News Saturday.

Israel’s economy is performing better than previously expected, the country’s Central Bureau of Statistics (CBS) reported Thursday, updating its annualized growth projection for 2016.

(AFP) – Germany’s economy, Europe’s largest, grew by 0.4 percent in the second quarter, federal statistics office Destatis said in data released on Wednesday.

Just hours after Hillary Clinton wrapped up her convention speech, government data show that the economy only grew by 1.2 percent in the second quarter.

The Commerce Department is set this July to publish a stunning 2 percent downward revision of gross domestic product (GDP) during the Obama Administration term in office.

President Obama is boasting of his economic legacy to the New York Times, asserting that his management of the economy was likely the best in modern history.

The problem facing Democrats as they roll into the 2016 election cycle is that the economy has improved just enough for the Federal Reserve to kill it with an interest-rate hike.