1st Quarter US GDP Estimate
The revised 4th Quarter GDP number was released a couple of weeks ago, highlighting a 6.2% decline in total goods and services produced in the US, which included a 4.3% drop in consumer spending, the most in 28 years. Considering the fact that most economists feel that the first quarter of 2009 will be worse than the .. read more
On March 17th, 2009,
posted in: Markets by Marcelo Perez Tags: 1st quarter estimate, consumer spending, consumption, gdp estimate, gdp predictions 2009, pce
2 Comment
Could 4th Quarter GDP Be Better than Expected?
Update: 4th Quarter GDP Report Casy Mulligan thinks so: I admit that positive real GDP growth is an underdog. But here’s another case for it: Prices have fallen 1-2% since Q3. Thus, nominal GDP has to fall at least 1% if real GDP is going to fall. Nominal compensation of employees and proprietor’s income (at .. read more
On January 6th, 2009,
posted in: Economy by Joseph Y. Calhoun Tags: 4th quarter gdp growth estimate, casey mulligan, gdp, gdp estimate, gross domestic product
1 Comment
