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GDP

Highlights of U.S. Economic Growth in 2014

Photo of Under Secretary Mark Doms on a conference call.Today, I joined Standard and Poor's Chief Economist Beth Ann Bovino to discuss this morning's 2014 Q4 GDP Advance Estimate, which came in at 2.6%. Business Forward hosted the call with a live national audience of more than 150 business leaders and leading economic reporters from across the country.

Statement from U.S. Commerce Department Chief Economist Mark Doms on the Second Estimate of Gross Domestic Product for the First Quarter

WASHINGTON - The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the first quarter of 2011. Real GDP grew 1.8 percent at an annual rate in the first quarter, unchanged from last month’s advance report and slightly below private-sector expectations of an upward revision. Corporate profits grew by $21.9 billion in the first quarter of 2011 to a level of $1,700.2 billion.

Will Economic Forecasters Become More Optimistic About the Labor Market?

What do forecasters say about how the economy will fare in 2011? This is a difficult question to answer as there are lots of changing forecasts of the U.S. economy. What is true is that in recent months, most forecasters have become increasingly optimistic about the economic outlook for the U.S. economy.

Statement from Commerce Under Secretary Rebecca Blank on the Second Estimate of GDP in the Third Quarter of 2010

WASHINGTON, November 23 — The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the third quarter of 2010. Real GDP grew at a 2.5 percent annual rate in the third quarter, revised up from the advance estimate of 2.0 percent and slightly higher than private-sector expectations of a 2.4 percent increase. The upward revision reflected data that were not available for the advanced estimate.

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