Tag Archives: trade

Real GDP Holds Strong

Real GDP rose 3.5% in the third quarter after rebounding at a 4.6% pace in the second quarter. We have been trying to regain ground lost to unusually harsh winter weather in the first quarter of the year when real GDP declined by 2.1%. Most components of real GDP decelerated after the catch-up we saw [...]

Weak GDP to Affect How Fed Talks about Data

Real GDP grew a negligible 0.1% in the first quarter of 2014, after expanding 2.6% in the fourth quarter of 2013. Much of the weakness is attributed to extreme weather, although some decreases were larger than expected. It’s important to note that GDP for this initial estimate is compiled from the earliest data available for [...]

U.S. Trade Deteriorates

The trade deficit widened more than expected in February, as imports rose and exports fell. Imports of vehicles were particularly strong; that could be a problem for domestic vehicle producers going forward even as sales come back, which they did strongly in March. Japanese and Korean producers, in particular, now have unusually large pricing advantages [...]

2013 Growth Held Back by Fiscal Policy

Real GDP growth came in at 3.2% in the fourth quarter of 2013, a little less than we expected.  One reason was that spending by the federal government plummeted further in response to the government shutdown and budget battles; those losses will be much more muted as we move forward, now that we have an [...]