All Posts Tagged: economic growth
The U.S. consumer is often the most important piece of our economic puzzle, making the difference between a solid economic expansion and a mediocre one.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 9.Key observations:
- Since 1947 the consumer spending share of GDP has ranged from a low 58.9% in 1967 to 68.5% in 2011. The 2017 share was just below the 2011 all-time high at 68.4%.
- Since May the gap between consumer spending growth and income growth has widened over time.
- The consumer savings rate has declined for seven straight months since reaching 7.4% in February.
- Our forecast is for annualized real consumer spending growth to decelerate from the current white-hot pace of 4.0% to 2.6% in the fourth quarter.
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The programs I develop around young people aim to help communities that have been shattered by conflict and violence regain their capacity to rebound and to address their challenges by themselves.Read More ›
Today’s low market rates suggest a weaker global economic outlook, looser monetary policy, and more deflationary pressures ahead.Read More ›
On its own, the U.S. economy appears to be on a solid path for growth. But global outlook data suggests there are a few problem spots to watch.Read More ›
Recent economic data points to further strengthening of the U.S. economy this year. We see plenty of reasons to remain optimistic about the outlook for U.S. manufacturing, and that revitalization of the manufacturing sector will eventually spill over into other sectors of the economy. Below are brief highlights of my weekly economic analysis, followed by […]Read More ›