Items Tagged with 'GDP'

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  • Fannie Mae downgrades economic forecast citing "ratcheting up of trade tensions"

    Says 2020 will be the worst year since the Great Recession
    Fannie Mae downgraded its forecast for U.S. economic growth, citing a "ratcheting up of trade tensions," and said 2020 will see the worst economy in more than a decade. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the worst performance since a 2.5% contraction in 2009, according to data from the Bureau of Economic Analysis.
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  • Amazon's home ranks as best state economy in WalletHub study, Alaska is worst

    Utah is second, followed by Massachusetts and California
    Washington ranked as the best state economy for 2019, followed by Utah, Massachusetts and California, according to a WalletHub study. Alaska had the worst economy, followed by Louisiana, Mississippi, Hawaii and West Virginia. "U.S. economic growth depends heavily on the performance of individual states, but some contribute more than others," the report stated.
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  • First quarter GDP is revised down to 3.1% as corporate profits slowed

    Negative contributions to GDP came from residential fixed investments
    Real gross domestic product increased at an annual rate of 3.1% in the first quarter of 2019, according to the second estimate released by the U.S. Bureau of Economic Analysis. Today's estimate is based on more complete source data than was available for the advance numbers issued last month, when GDP was estimated at 3.2%.
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  • HousingWire News Podcast: If your lending tech isn't what Millennials want, can you survive long-term?

    Listen to the latest episode
    The HousingWire News Podcast is a weekly wrap of the top news stories by Editor-in-Chief Jacob Gaffney. This week, Gaffney talks with John Pataky, TIAA Bank’s EVP and chief consumer and commercial banking executive. With GDP coming in strong, is the chance of recession finally remote, or is the sky falling? Plus, if your tech isn't what Millennials want, can you survive long term? Listen to find out.
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  • Barron's: The International Monetary Fund downgrades its 2019 forecast as economic pessimism grows

    82% of 307 insurance executives polled say they expect a recession by 2021
    Mounting geopolitical headwinds have intensified fears of an oncoming economic recession, especially as the nation's housing market, which is a significant indicator of overall economic health, has slowed to concerning levels. As the economy cools off in several sectors, the International Monetary Fund has downgraded its 2019 forecast.
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  • Recession fears diminish as the nation approaches a Goldilocks economy

    This is what experts say Q1's GDP growth means for the nation's economy
    For months, several reports indicated the U.S economy was quickly approaching what many feared to be a recession. However, Friday’s Gross Domestic Product report produced by the Bureau of Economic Analysis signaled the economy was strengthening. So, why are economists citing Goldilocks?
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  • U.S. economy rebounds, exceeding market expectations

    Economy grew 3.2% in the first quarter, signaling strong start to 2019
    Gross Domestic Product reversed its course in in the first quarter of 2019, according to the advanced estimate from the Bureau of Economic Analysis. Mortgage Bankers Association Chief Economist Mike Fratantoni said although this advance estimate is subject to revision, if it holds up, this faster growth should continue to provide strong support for the job and housing markets.
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  • Jobs Report: Private sector hiring slows as construction, manufacturing shed jobs

    Companies add fewest jobs in 18 months
    The pace of hiring slowed in March as employers fretted about a slowing economy. Companies hired 129,000 employees, the slowest pace in 18 months, according to a report today from ADP and Moody's Analytics. Goods-producing jobs, such as construction and manufacturing, contracted for the first time since December 2016.
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  • Another sign of a slowing economy: GDP growth is revised downward

    Economy grew just 2.2% in the fourth quarter, revealing slow start to 2019
    Gross domestic product grew 2.2% in the fourth quarter of 2018, coming in less than the estimated 2.6% and serving as yet another sign of a looming economic slowdown. This is also less than the third quarter's GDP growth, which totaled 3.4%, according to the latest data from the Bureau of Economic Analysis.
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  • Fannie Mae: Home sales will stabilize in 2019

    But affordability remains key challenge
    Home sales will stabilize this year, with a solid labor market and strong household formations driving demand, Fannie Mae's Economic and Strategic Research Group stated in its March outlook. But while slowing home price appreciation and lower mortgage rates have improved affordability, it will continue to be a challenge in 2019.
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