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Keyword: gdp

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  • U.S. 1Q GDP Growth Revised Down to 1.9%

    05/31/2012 6:29:23 AM PDT · by scooby321 · 29 replies
    Fox Business ^ | 5/30/2012 | Fox Business
    U.S. economic growth was a bit slower than initially thought in the first quarter as businesses restocked shelves at a moderate pace and government spending declined sharply.
  • Rising GDP doesn't rule out recession

    05/12/2012 11:53:36 AM PDT · by Signalman · 16 replies
    CNNMoney ^ | 5/12/2012 | Lakshman Achuthan and Anirvan Banerji
    Yes, U.S. GDP is still rising, according to the latest reports. But that doesn't mean we've dodged a new recession. Sound surprising? What most people don't understand is that recessions often begin when gross domestic product is still showing positive growth. Four of the past six recessions started during a quarter when GDP was growing, as did 72% of all recessions in the past 94 years . How can that be? The answer is that expansions end -- and recessions begin -- at the peak of the business cycle, after which the economy begins to contract. _________________________________________________ One reason we...
  • U.S. Debt Reaches 100 Percent of Country's GDP

    05/06/2012 7:12:56 AM PDT · by Son House · 7 replies
    FOXNEWS ^ | August 04, 2011 | FoxNews.com
    The U.S. debt surpassed 100 percent of gross domestic product after the government's debt ceiling was lifted, Treasury figures showed Wednesday, according to AFP. The debt, which had been in somewhat of a holding pattern over the past several weeks, rose $238 billion after President Obama signed the debt-ceiling deal into law Tuesday to avoid the country's first-ever default. The package is designed to carve $2.4 trillion from the deficit over the next decade. But in the near term, it granted Washington an increase in its borrowing authority worth the same amount. With that authority, the public debt has climbed...
  • Real GDP Per Capita -- Dead!

    05/04/2012 1:57:58 PM PDT · by NaturalBornConservative · 4 replies
    Natural Born Conservative ^ | May 4, 2012 | Larry Walker, Jr.
    Moving Forward -- Without Obama* By: Larry Walker, Jr. *Why do I get the eerie feeling that we’ve gotten nowhere in the last four years? The answer is because we’ve gone precisely nowhere with Obama. As the chart above displays, on a per capita basis, real gross domestic product has declined by a cumulative -0.20% during Obama’s four-year term (through Q1 2012). President’s Ronald Reagan and Bill Clinton both inherited rather weak economies. Each achieved real GDP per capita growth of 1.52% in the first year in office, but by the second year, Reagan’s cumulative GDP had declined to...
  • U.S. hiring slows, raising worries on recovery

    05/04/2012 10:56:11 AM PDT · by Red Steel · 12 replies
    Reuters ^ | Fri May 4, 2012 12:56pm EDT | Jason Lange
    WASHINGTON, May 4 (Reuters) - U.S. employers cut back on hiring in April and more people stopped looking for work, dimming hopes the economy was turning a corner just as President Barack Obama steps up his re-election campaign. Employers added 115,000 workers to their payrolls last month, the Labor Department said on Friday. That was well below economists' expectations. The unemployment rate ticked down by a tenth of a point to a three-year low of 8.1 percent, but only because a drop in the number of people hunting for jobs shrank the labor force. It was the third straight month...
  • Total US Debt Soars To 101.5% Of GDP

    05/01/2012 2:40:25 PM PDT · by SatinDoll · 35 replies
    Zero Hedge ^ | 5/01/2012 | Tyler Durden
    There is nothing quite like a $70 billion debt auction settlement at the last day of a month to bring total US debt to a record $15.692 trillion, which happens to be just $600 billion shy of the $16.394 trillion debt ceiling. (and no, contrary to simple economic textbook lesson, this does not mean that the private sector just got another $70 billion in debt capacity courtesy of taxpayers, as explained here). And now that we know what Q1 GDP was at the end of Q1, or namely $15.462 trillion, it is simply math to divine that today alone total...
  • First-quarter growth slows on inventories, weak business spending

    04/27/2012 6:38:20 AM PDT · by MulberryDraw · 3 replies
    Reuters ^ | April 27, 2012 | Lucia Mutikani
    WASHINGTON (Reuters) - Economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but stronger demand for automobiles softened the blow. Gross domestic product expanded at a 2.2 percent annual rate, the Commerce Department said on Friday in its advance estimate, moderating from the fourth quarter's 3 percent rate.
  • US GDP drops to 2.2% in Q1

    04/27/2012 6:34:25 AM PDT · by SeekAndFind · 33 replies
    Hotair ^ | 04/27/2012 | Ed Morrissey
    The US economy slowed in the first quarter of the year, dropping from the previous quarter’s 3.0% to 2.2%, according to the latest report from the Department of Commerce: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent.The Bureau emphasized...
  • Spain Is Doomed: Why Austerity Is Destroying Europe

    04/18/2012 7:43:02 AM PDT · by ctdonath2 · 63 replies
    The Atlantic ^ | Apr 18 2012, 10:00 AM ET | Matthew O'Brien - Matthew O'Brien
    Let's try a thought experiment. Imagine you walked into the bank, told them you were going to be taking pay cuts for the next few years, and then asked for a loan. You'd be laughed out of the office or else pay an interest rate so high that "usurious" wouldn't do it justice. The logic is simple: If you're in debt and your income is shrinking, it's mighty hard to pay back what you already owe. ... Nearly a quarter of Spain's population is unemployed. Half of its youth are out of work. And it's only going to get worse....
  • Lazear: “The Worst Economic Recovery in History” Despite Historic Intervention by The Fed

    04/03/2012 7:30:30 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 04/03/2012 | Anthony B. Sanders
    Ed Lazear had an interesting op-ed in the Wall Street Journal entitled “The Worst Economic Recovery in History.” The sub heading reads “Since the second half of 2009, the U.S. economy has grown at a rate of 2.4%, a full percentage point below average long-term growth.” You can see in the chart of historic Real GDP growth that the recent “recovery” after that recent recession is tepid compared to the rebound from previous recessions going back to the Great Depression. The article has some valid explanations for this glacial recovery. However, he ignores the growth in regulation of the economy...
  • The Glacial Economy Recovery – Capacity Utilization Falls & Still Below 80%

    03/16/2012 12:04:56 PM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 03/16/2012 | Anthony B. Sanders
    Fed Chairman Ben Bernanke uttered these words earlier this week: “Despite some recent signs of improvement, the recovery has been frustratingly slow, constraining opportunities for profitable lending.” Today, The Fed released the industrial production and capacity utilization. Industrial production was unchanged in February after having risen 0.4 percent in January. Capacity utilization for total industry edged down to 78.7 percent, a rate 1.2 percentage points above its level from a year earlier but 1.6 percentage points below its long-run (1972–2011) average. Traditionally, The Fed watches capacity utilization as measure of economic growth. 80% is considered “the sweet spot” or goal....
  • Record Subpar Economic Growth Streak Now Nearly 6 Years

    03/01/2012 7:32:34 AM PST · by Slyscribe · 5 replies · 3+ views
    IBD's Capital Hill ^ | 2/29/2012 | Ed Carson
    The economy expanded at a revised 3% annual rate in the fourth quarter. That’s the fastest growth since Q2 2010 and not a bad number by itself. But it’s a measure of how low expectations have fallen. U.S. GDP hasn’t risen 4% or more in any quarter since the first quarter of 2006. That’s by far the longest such stretch on record going back to 1950. The only other sizable sub-par stretch was a three-year span from late 2000 to mid 2003 during the prior recession and sluggish recovery.
  • HUSSMAN: This Pace Of GDP Growth Is 'Always' Associated With Recession

    01/30/2012 6:53:12 AM PST · by blam · 3 replies
    TBI ^ | 1-30-2012 | Joe Weisenthal
    HUSSMAN: This Pace Of GDP Growth Is 'Always' Associated With Recession Joe WeisenthalJanuary 30, 2012 Fund manager John Hussman continues to hammer away at the economy and the market. His latest note is called Goat Rodeo, which is defined as: "Appalachian slang for a chaotic, high-risk, or unmanageable scenario requiring countless things to go right in order to walk away unharmed." After discussing the leading indicators, he writes: ...while we typically discourage drawing inferences from any single indicator, it's at least worth noting that with the release of Q4 GDP figures, the year-over-year growth rate of real U.S. GDP remains...
  • 2011 GDP: 1.7% (Pathetic)

    01/27/2012 12:13:07 PM PST · by Signalman · 7 replies
    Business Insider ^ | 1/27/2012 | Joe Weisnethal
    That's the final, pathetic growth number for 2011. From the just-released GDP report: Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010. The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.
  • Q4 GDP 2011: 2.8% (Inventory expansion, not demand)

    01/27/2012 6:57:15 AM PST · by SeekAndFind · 8 replies
    Hotair ^ | 01/27/2012 | Ed Morrissey
    The good news — the annualized GDP growth rate in the fourth quarter went up a full point from Q3′s final number to 2.8%. The bad news: the first estimate for Q4 is only three-tenths of a point better than the first estimate for Q3: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.8 percent in the fourth quarter of 2011 (that is, from the third quarter to the fourth quarter), according to the “advance” estimate released by the Bureau...
  • World Bank slashes global GDP forecasts, outlook grim

    01/18/2012 6:47:55 AM PST · by SeekAndFind · 4 replies
    BEIJING/WASHINGTON (Reuters) - The World Bank warned developing countries on Wednesday to prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09. In a report sharply cutting its world economic growth expectations, the World Bank said Europe was probably already in recession. If the euro area debt crisis deepened, global economic forecasts would be significantly lower. "The sovereign debt crisis in the euro zone appears to be contained," Justin Lin, the chief economist for the World Bank, told reporters in...
  • China's GDP reaches 7.5 trillion USD

    01/18/2012 1:24:40 AM PST · by freegame · 9 replies · 1+ views
    China's GDP reaches 47.1564 trillion RMB (=7.5 trillion USD at the current market price or 7.31 trillion USD at year-average price, grown from 5.88 trillion USD last year, which means 25%+ annual growth rate). Last year China has: Produced 680 million tonnes steel (roughly equal to the combination of the rest world) Produced 19.2 millioin cars and trucks (world highest) Produced 19.09 million square meters's properties (more than the combination of the rest world) Produced 20.7 trillion tonnes cement (50% more than the combination of the rest world) Produced 15.7 million tonnes chemics (world highest) Generated 406.7G kwh electricity (again,...
  • US Debt Is Now Equal to Economy

    01/10/2012 12:38:05 PM PST · by yoe · 25 replies
    Conservative Byte ^ | January 10, 2012
    The soaring national debt has reached a symbolic tipping point: It’s now as big as the entire U.S. economy. The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion. That’s roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, the latest estimate. Private projections show the economy likely grew to about $15.3 trillion by December — a level the debt is likely to surpass this month.(U.S. Debt)
  • 5 Myths About President Obama's Economic Recovery

    12/22/2011 9:03:52 AM PST · by Slyscribe · 10 replies
    Investor's Business Daily ^ | 12/22/2011 | John Merline
    Over the past several months, President Obama has spent much time pleading for patience on the sluggish economy and ongoing high unemployment, arguing that the economic hole was so deep and the crisis so monumental that a slow recovery — now in its 30th month — was inevitable. But in making his case, Obama appears to be perpetuating several myths about the recession he inherited and the slow recovery over which he's presided.
  • Economic Growth Revised Lower for 3rd Quarter (OBAMANOMICS IS A DISASTER)

    12/22/2011 6:12:37 AM PST · by Recovering_Democrat · 62 replies
    WALL STREET JOURNAL ^ | 12.22.11 | By LUCA DI LEO And JEFFREY SPARSHOTT
    The U.S. economy expanded less than thought during the third quarter as consumer spending fell short of an earlier estimate, though signs point to stronger growth in the final months of the year.