Economic Growth — Obama’s Economic Legacy, Part 4
The United States has been in a prolonged period of slow growth: why? The answer lies in slow, grinding, demographic movements.
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02, 2017
13
12, 2014
GDP in Balance
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% [...]