GDP is the abbreviation for “Gross Domestic Product,” the market value of all the goods and services produced by a country in a given year. It includes all the expenditures of citizens, investors and government, and the value of all exports less imports, in a year.
The Federal Reserve provides projections on U.S. gross domestic product (GDP) four times each year; in March, June, September, and December.Just a few days ago, the Fed released its June projections. The Fed expects the U.S. economy to grow between 1.8% and two percent this year. (Source: Federal Reserve, last accessed June 17, 2015.). Read More
Just one day after Janet Yellen reported moderate economic growth, a crucial indicator confirmed the Federal Reserve’s analysis.On Friday, June 19th, the Conference Board released its widely-followed Leading Economic Index, a composite of indicators that hint at future growth. The index clocked in at 0.7% in May, exceeding expectations. Read More
Earlier this year in Profit Confidential, I wrote that I wouldn’t be surprised to see the U.S. economy enter a recession in 2015. I got a lot of flak here from my fellow economists…even some of my customers thought that prediction was too far off.But, lo and behold; we are already halfway there.On Friday, according to the revised. Read More
On Friday, May 29, the Bureau of Economic Analysis released the second estimate for first-quarter gross domestic product (GDP) of 2015. (Source: Bureau of Economic Analysis, May 29, 2015.)According to the report, U.S. GDP declined at an annual rate of 0.7% in the first quarter of 2015. The report last month, in its first estimate, suggested. Read More
At 8:30 a.m. on Tuesday, May 5, 2015, the Bureau of Economic Analysis (BEA) released the U.S. trade balance for March of this year. It announced that the goods and services deficit was at $51.4 billion in March. This is more than a 43% increase from February’s $35.9 billion, and the biggest jump in 18 years. Moreover, the trade deficit. Read More