Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made headlines recently by joining the chorus of analysts that have reduced the rosy outlook for the U.S. economy in 2014. The IMF reduced its U.S. GDP growth estimate to 2%, down from a 2.8% prediction as recently as April. Economists started the year predicting that that U.S. GDP would grow at a 3-3.5% annual rate. And they have been
Tag "gdp growth"
In spite (no, actually because of) last week’s flatlined +0.1% Q1 Advance GDP Growth reading (published by the BEA here), Goldman Sachs’ Kris Dawsey announced in a note to clients that the firm anticipates “a solid bounce-back in activity in Q2″, aggressively pushing their estimate for next month’s Preliminary reading “up to 3.9%.” A +3.8% swing in quarter-over-quarter GDP growth is uncommon enough; but that doesn’t quite cover it. Citing
On the same day that investors received confirmation that the economy slowed to a crawl (advance Q1 GDP logged in at +0.1), they also received word that the fed taper will continue with the Federal Reserve tapering its bond buying program by another $10 billion per month. Here’s Pedro da Costa having some fun on twitter with the meaning of “taper.” ta·per ˈtāpər/noun: taper; plural noun: tapers 1. a slender
By Joshua Schroeder In both 2010 and 2011 the US economy began growing at quick pace only to peter out later on in the year. Once again in 2012 we are out of the gates quickly with projections of the S&P reaching 1,500 all of a sudden being thrown about. So are we starting the second half, as Clint Eastwood put it, with a first down or is this simply another economic false
By Joshua Schroeder It is a common refrain amongst my friends and family, specifically my grandfather, that the U.S. just doesn´t make anything anymore. Additionally, most political pundits and so called experts on the economy would have you believe that the United States´ golden years as a manufacturing country were lost forever with the emergence of globalization and low-cost producing countries such as China. It is understandable that the general economic