Category: "gdp"

Economic Growth in the US: A Tale of Two Countries

April 3rd, 2017
in gdp, macroeconomics

from Voxeu.org

-- this post authored by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman

Appeared originally at Voxeu.org 29 March 2017

The rise of economic inequality is one of today’s most hotly debated issues. But a disconnect between the different data sets used to measure and understand inequality makes it hard to address important economic and policy questions. In this column, the authors highlight the findings from their attempt to create inequality statistics for the US that overcome the limitations of existing data by creating distributional national accounts.

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The Consumer Saves 4Q 2016 GDP

March 30th, 2017
in gdp

Written by , Consumer Metrics Institute

 March 30, 2017 - BEA Revision Revises 4th Quarter 2016 GDP Growth Upward To 2.08%

CMI.logoIn their third and final estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.08% annual rate, up slightly from the +1.85% previously reported but down by -1.45% from the prior quarter.

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Consumer Spending Increase Saves 4Q 2016 GDP Estimate from a Decline

February 28th, 2017
in aa syndication, consumer metrics institute, gdp

by Rick Davis, Consumer Metrics Institute

February 28, 2017 - BEA Revision Revises 4th Quarter 2016 GDP Growth To 1.85%:

In their second estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economic growth rate was +1.85%, essentially unchanged from the +1.87% previously reported but down by nearly half (-1.68%) from the prior quarter.

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Gross Attention to the Gross Domestic Product

February 8th, 2017
in aa syndication, gdp

Written by , Alternativeinsight

 Prepared by the Bureau of Economic Analysis of the Department of Commerce, the Gross Domestic Product (GDP) serves primarily as an accounting function for the United States government  ̶  one statement in a description of national accounts. By summarizing the monetary value and sources of services and production, the GDP reports all expenditures in the U.S.economy. Anxiously awaited, the economic statistic is employed to indicate and forecast the health of an economy. However, the GDP tends to be misinterpreted, ambiguously defined, and improperly used. Is there more to its well-arranged numbers than invigorating government officials and encouraging investors?

gdp.crystal.ball

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Inventories and Low Deflator Boost Low GDP Estimate

January 29th, 2017
in consumer metrics institute, gdp

BEA Estimates 4th Quarter 2016 GDP at 1.87%

by Rick Davis, Consumer Metrics Institute

In their first (preliminary) estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economic growth rate was +1.87%, down by nearly half (-1.66%) from the prior quarter.

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