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Econ News You Can Use
Category: GDP
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Real GDP grew at 3.2% in the fourth quarter of 2013, according to the first estimate released by the BEA this week. This news is decidedly… not terrible. You could spin it to be good news or just mediocre news. But, assuming the estimate doesn't change much in subsequent revisions, we've now had two solid quarters…
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The third (and final) GDP estimate for the third quarter revised growth up yet again, this time to 4.1%. This figure indicates that growth was stronger in the third quarter than at any time since the end of 2011. The graph below shows quarterly growth rates since 2003. Notice that 4.1% is larger than all…
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This week's GDP report, the second GDP estimate for the 2013 third quarter, brings good news, though perhaps not as good as it seems. The report revised the growth rate up to 3.6% (the first estimate was 2.8%). Quarterly growth data since 2003 is graphed below. There is nothing wrong with 3.6%. After all, that is…
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Real GDP grew at 2.8% in the third quarter of 2013, according to the advance estimate released today by the BEA. This growth rate is very close to the long-run average growth rate for U.S. real GDP, which is 3%. The graphic below plots quarterly GDP growth rates since 2003. If this number holds up, it…
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Today's GDP report from the BEA shows an estimated 2.5% growth of real GDP for the United States in the second quarter of 2013. The earlier report from July estimated just 1.7% growth. While the new revision is welcome news, the current growth rate is not enough to return the economy to full health…
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Today, the Bureau of Economic Analysis released the third and final GDP estimate for the first quarter of 2013. The estimate of real GDP growth is 1.78%, which is positive. However, it is still well below the 3% historical average (based on the past 50 years). The first figure below shows the quarterly growth rates for real…
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