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What's Behind The Record Divergence Between GDP and GDI, And Why Tomorrow The US Economy Will Be Revised Sharply Lower
The BEA will publish its once-every-five-years revision of GDP from Q1 2005 to Q1 2023. The likely drift in revisions will be toward a lower GDP and higher GDI. The inclusion of more complete data could push estimates of GDP and GDI either up or down.
What Do Federal Tax Receipts & Total Receipts Suggest About Recession? Federal tax receipts suggest GDI numbers, not GDP numbers, are accurate. They also hint at recession...Tax receipts from the BEA, chart by Mish.
US economy grew much faster in first quarter than previously believed The first-quarter growth rate has been revised substantially higher from the 1.1-percent annualized rate first reported by the Bureau of Economic Analysis (BEA) earlier this year. Stronger economic growth could be a boost to President Biden as he pushes to sell voters on his handling of the economy.
US economy grew much faster in first quarter than previously believed U.S. gross domestic product (GDP) grew at an annualized rate of 2 percent in the first quarter, according to revised data released Thursday. That's far faster than the 1.3 percent annualized growth rate estimated by government officials earlier this year. The revision is much bigger than what is normally announced by the BEA.
Conservatives Mock 'Bidenomics' for Leaving Americans 'Worse Off' The Commerce Department released data on Thursday showing that the U.S. economy grew stronger in the first quarter of 2023, with the gross domestic product (GDP) increasing at an annual rate of 2 percent. The figure exceeded government officials' estimate of a 1.3 annual growth rate, and it is more than the annual growth rates of 1.1 percent that the Bureau of Economic Analysis (BEA) reported earlier this year.
Stagflation: Q1 GDP Much Weaker Than Expected On Inventory Plunge As Inflation Comes In Red Hot Real GDP rose just 1.1% in Q1, according to the BEA. This is the lowest GDP print since Q2 2022 when growth was negative to the tune of -0.6%.
US economy grew 1.1 percent in the first quarter, much slower than expected U.S. economic growth slowed dramatically in the first three months of 2023, according to data released Thursday by the Bureau of Economic Analysis (BEA) Gross domestic product (GDP), the measure of all goods and services produced, rose at an annualized rate of 1.1 percent. That’s down from 2.6 percent in the fourth quarter of 2022. The unexpectedly steep slowdown in economic growth is the latest sign of the economy feeling the brunt of stubborn inflation.
Q4 GDP Comes In Below Estimates On Sharp Slowdown In Personal Spending Ahead Of Looming Credit Crunch The BEA reported its third and final Q4 GDP estimate. It continued the trend of declines, having printed 2.9% in the first estimate in January (above the 2.6% estimate)
BAS School Board votes to allow BEA office to remain on school grounds Brighton Area School District’s Board of Education discussed at their meeting Monday night the agreement between themselves and the Brighton Education Association (BEA) BEA office to remain on school grounds.
Teachers union's use of Brighton High School can continue under new rules Brighton schools has allowed the BEA to use a room at the high school for union activities. Treasurer John Conely was adamantly opposed to the resolution. He proposed employing a third-party legal counsel to evaluate whether the union's use of the room has been illegal.
Q4 GDP Revised Lower As Core PCE Unexpectedly Comes In Hot One month after the first Q4 GDP estimate surprised to the upside, coming in at 2.9% vs expectations of a 2.6% number, things gradually reverted to normalcy for a Biden admin that has seen its fair share of grossly manipulated economic data. The BEA reported in its 2nd estimate of Q fourth GDP that the economy actually grew almost as expected one month ago, revising the GDP print to 2.7% (2.68% to be precise)
French Team Starts Investigation Behind Plane Crash in Nepal A team of experts from the France-based ATR aerospace company has launched a probe to find out the reasons behind the plane crash in Nepal’s Pokahara. There are a total of 11 foreign experts — four from the Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) and six from the aircraft manufacturer ATR.
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