GDP growth
First-Quarter GDP Growth
May 17, 2020
First-quarter national income accounts have now been reported for the United States, China, Euroland, Japan and Great Britain. In China, where the Covid-19 pandemic first surfaced, economic activity suffered more sharply than in the other four economies. Real GDP there plummeted 33.8% at an annualized rate compared to its 4Q19 level. That pummeling caused the […] More
2012
March 8, 2011
This is the time of year when economic forecasters first begin to think about the following year and the month when the monthly poll by The Economist introduces projections for the year after the current one. Such early estimates contain very useful information. Here are some of the revealed insights. U.S. GDP is expected to […] More
Digging Out of the Great Recession
September 28, 2010
From their quarterly lows in the recent recession, real GDP by 2Q10 had recovered 4.8% in Japan, 3.4% in Canada, 3.0% in the United States, 2.0% in Great Britain and 1.9% in the euro area. But compared to their prior peaks, only Canada among these economies had essentially filled the hole made during the downturn. […] More
All Bets Off on U.S. Recovery If Equities Plunge
January 21, 2010
A very wide dispersion persists among U.S. growth projections. Some analysts expect real GDP to expand more than 4.0% in the year between 3Q09 and 3Q10, and others have penciled in a return to recession. The pessimists tend to stress the temporary nature of factors behind the impressive rebound of activity, namely a favorable turn […] More
