Items Tagged with 'Bureau of Economic Analysis'

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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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  • 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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  • 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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  • Trump tax cuts fail to provide boost to nation’s GDP

    Low GDP reflects current “housing crisis”
    Gross domestic product was a disappointment, shrinking in the first quarter despite the recent tax cuts passed at the end of 2017. One expert explained that the current slowdown reflects an ongoing housing crisis, and what can be done to reverse it.
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  • Economic growth slows in fourth quarter

    An unexpected slowdown
    Economic growth unexpectedly slowed in 2017's fourth quarter with GDP increasing 2.6%, according to an advance estimate from the Bureau of Economic Analysis. For 2017, the economy grew 2.3%, an increase from the 1.5% growth seen in 2016.
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  • Final estimate downwardly revises Q3 GDP

    Still higher than second quarter
    The final estimate for the third quarter decreased gross domestic product slightly from the previous estimate. However, GDP is still up from the second quarter. Despite a slow start to this year, the second and third quarters have shown solid growth.
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  • GDP unexpectedly continues 3% growth surge

    Remains unaffected by hurricanes
    GDP increased at a strong rate once again in the third quarter, much to the shock of economists, who expected the recent hurricanes to take a toll on the growth. After a rough start to 2017, the year’s GDP grew to and held steady at or above a 3% growth rate for the first time since 2015. In fact, it was the first time two consecutive quarters hit the 3% mark since the second and third quarters of 2014.
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