For decades, the big business lobby, ideologically globalist politicians, and economists have claimed that the only route to increasing the United States’ Gross Domestic Product (GDP) is through increasing legal immigration levels.
The data underlying the 4.1% second quarter GDP growth suggest the economy may be even stronger than it looks.
President Donald Trump celebrated the Q2 4.1 percent GDP news on the South Lawn of the White House on Friday, adding that trade deals coming in will push future GDP numbers higher.
U.S. GDP rocketed up to 4.1 percent in Q2, a rise far outpacing the Q1 2.2 percent. The rise is the fastest since 2014, according to reports.
A bigger pullback in consumer spending brought first-quarter economic growth down to just 2 percent. The good news? The economy appears to have accelerated by a lot in recent months.
The Finance Ministry of Slovakia reported this week that the nation’s economic growth will swell to nearly five percent next year as a result of increased automotive output, in one of Europe’s greatest economic success stories.
The American economy is accelerating while economies from Europe and Asia slow, casting doubt on claims that recent strength was due to “global” factors or that Trump trade policies would hurt the U.S.
The Atlanta Fed’s GDPNow forecasting model moved up on Thursday to indicate the economy growing at a 4.8 percent pace in the second quarter.
The GDPNow forecast has been climbing higher following the releases of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs report for May.
The American economy grew slightly less than initially estimated in the first three-months of 2018, the Commerce Department said Wednesday.
Hard to believe, but we’re almost halfway through the second quarter of the year. That’s the point where it makes sense to start checking in on where the regional Fed banks’ forecasting models see GDP growth for the quarter.
Friday on CNBC’s “Squawk Box,” network CME Group floor reporter Rick Santelli reacted the unveiling of the first quarter of 2018 gross domestic product number, which came in at 2.3 percent and beat expectations. “Holy cow, better than expected —
The U.S. economy slowed by less than expected in the first quarter, with gross domestic product expanding at a 2.3% pace.
The upward revision means the economy was much closer to the 3 percent growth targeted by the Trump administration.
A lower than expected retail sales number Wednesday has many economists revising down their forecast of first quarter gross domestic product.
The unelected European Commission has made dire predictions for the UK economy ahead of Brexit trade talks, contradicting the recent claims of the Chancellor.
Good news about manufacturing and home construction has pushed up the Atlanta Fed’s forecast to an eye-popping level.
Growth as we currently understand it — or are led to understand it — is just another establishment cudgel by which we are beaten around the head. I say if the argument is for national sovereignty — the right to make our own destiny, and maybe even our own mistakes ourselves — versus “growth”, well give me nil growth.
Consumer spending and business equipment investment accelerated but trade and inventories dragged down overall economic growth.
A trio of economic data released Thursday indicate that the economy is growing, fewer Americans are losing jobs, and manufacturing is strong.
According to research from the Center for Economics and Business Research in London, China will overtake the United States as the world’s largest economy by 2032.
Here are seven amazing facts about Trump’s booming economy that include record low unemployment, soaring optimism, and stock market records.
“Economists had been penciling in a boost of about a third of a percentage point next year. Now that is looking way low,” the WSJ reports.
Thanks to a rapidly expanding economy, a booming stock market, real job growth, and the optimism that comes with all of that, President Trump’s approval rating jumped to 42 percent, according to CNBC.
The Trump economic boom is picking up steam as American heads into the final weeks of the president’s first year in office.
The Atlanta Fed’s real-time forecast of economic growth now says GDP appears to be growing at a 3.3 percent annualized rate, up from 2.9 percent on December 8.
Stronger economic growth in the second and third quarters of 2017, when the economy grew by more than a three percent annualized rate, pushed economic output higher than what the Congressional Budget Office refers to as “potential gross domestic product.”
The message from the New York Fed is simple: the economy is booming. Economists predicted we would grow just 2.5 percent in the fourth quarter.
The economy’s rate of economic growth was revised up Wednesday to the fastest pace in three years, the Commerce Department said Wednesday.
Third quarter economic growth comes in much higher than expected.
Economic growth might slow but so would population growth. As a result, GDP per capita would be higher.
President Donald Trump declared that “America is on the verge of a golden age for small business” to a room full of entrepreneurs and legislators at the White House on Tuesday, using a 16-year low in unemployment, 2.6 percent GDP, and a record stock market high as evidence.
Better but not quite great.
Northern Atlantic Treaty Organization (NATO) Secretary General Jens Stoltenberg said on Wednesday that NATO will increase spending to move toward the organization’s requirement that member nations pay 2 percent of their Gross Domestic Product (GDP) to support security and military operations.
Data points toward lower economic growth.
President Donald Trump urged members of the NATO alliance to start paying their fair share Thursday in Brussels, pointing out that their failures were hurting American taxpayers.
The Atlanta Fed’s nowcast rose to 4.1 percent.
The Fed doesn’t appear worried about the slow pace of economic growth in the first three months of the year, saying that the slowdown is “likely to be transitory.”
The media that tried to pin sluggish first quarter growth on Trump was heaping praise on Obama as the economy contracted in 2009.
There were signs of a Trump-induced revival of business activity in the quarter. Consistent with surveys that have shown rising business sentiment, business investment improved, with spending on equipment rising at a 9.1 percent annualized rate.
