Items Tagged with 'Gross Domestic Product'


GDP produces lackluster growth in Q2

Continues slow upward climb
The Gross Domestic Product decreased slightly from the first estimate last month, but still increased slightly overall. The disappointing gain, combined with the downward revisions to gains in the preceding two quarters, make a September interest rate hike much less likely.
Read More

Paltry GDP growth shows economy is "barely above water"

Residential construction fell due to weaker single-family housing starts
“Over the past 12 months, the economy has expanded by only 1.2%,” Paul Ashworth, chief economist at Capital Economics, said. “What is really worrying is that pace has still been enough to reduce the unemployment rate further, suggesting that the economy’s potential growth rate could conceivably be close to zero.”
Read More

Experts revise GDP rates, in different directions

But they agree on one thing: The Fed will raise rates this year
Experts disagree on the impact that the Brexit will have on U.S. GDP growth, with Capital Economics predicting a rebound in growth while Goldman Sachs revised their prediction down slightly. The one thing they can agree on? The Fed will still raise rates this year.
Read More

First quarter GDP revised higher to 0.8%

Based on more complete data
The year started out better than originally estimated, according to the "second" GDP estimate released by the Bureau of Economic Analysis. National Association of Federal Credit Unions Chief Economist Curt Long noted that this is another in a string of positive data releases which will provide plenty of ammunition for the Fed to raise rates no later than July.
Read More

Capital Economics: GDP growth likely to underwhelm in 2016

GDP rises 0.5% in 1Q
While some of the headwinds that restricted first-quarter GDP growth will disappear in the second half of the year, it would still take a lot to salvage GDP for the year. And as the Bureau of Economic Analysis cautions, the first-quarter advance estimate is based on data that is incomplete or subject to further revision.
Read More

Fitch: Housing market getting ready to grow

Expects second half upturn, leading to strong 2015
In 2015, new home sales should increase by 20.4% over 2014, according to projections from analysts from Fitch Ratings. Existing home sales are also projected to regain the 5% loss expected in 2014.
Read More

Bam! Nomura predicts GDP will double in 2015

But it won’t be because of housing
In its “The Economy Next Week” report published Friday, Nomura’s analysts predict that the U.S. gross domestic product will grow 1.5% year-over-year in 2014 and will more than double that growth (3.1%) in 2015.
Read More