Economic Growth Archives - Page 2 of 2

Redirection of the World’s Manufactured Goods?

By MPI Editor|2016-08-19T19:16:45+00:00December 13th, 2014|Economic Growth, Export, Import, Manufacturing|Comments Off on Redirection of the World’s Manufactured Goods?

The United States continues to be the world’s great consumer. Imports to the United States of manufactured goods were nearly $1.72 trillion in 2011, and since 2001 have increased by 79%. China is by far the leading exporter of manufactured goods to the United States ($390.6 billion in 2011), nearly double that of second-place Canada ($207.3 billion).[1] More telling is how imports have changed in the past 10 years. China manufacturing exports to the United States rose 292% as that nation achieved manufacturing expertise combined with low-cost labor; among the top 10 manufactured-goods exporters to the United States, only [...]

GDP in Balance

By George Taninecz|2016-12-21T22:51:15+00:00December 13th, 2014|Economic Growth, GDP, George Taninecz|Comments Off

As the world’s largest economy, attention is rightly focused on U.S. economic growth and gross domestic product (GDP). Now with additional attention on the country’s “fiscal cliff” — or gradual fiscal slide depending on the severity of economist projections — concern is growing that U.S. GDP will decline sharply in early 2013 and reverberate worldwide. Unfortunately, the timing of this occurs on top of better-than-expected U.S. GDP growth in the third quarter of 2% (second quarter to the third quarter), according to a U.S. Bureau of Economic Analysis advanced estimate in late October. In the second quarter, real GDP grew by 1.3%.[1] U.S. GDP grew by 1.7% [...]