Articles About GDP

The economic upheavals of recent years have changed Americans in ways that we are still coming to terms with because it marks the end of an era.  The Great Recession was anything but an ordinary downturn and the way we live and work has been transformed.  Construction and auto jobs have declined by one-third; retail […]

A 2010 survey conducted by the National Association of Business Economists (NABE) released in April confirms that the economy is in recovery, with industry demand showing expansion for a third consecutive quarter.  There’s good news in the fact that expectations for economic growth have spiked significantly.  Approximately 25 percent of survey respondents believe the real […]

Simon Johnson, a professor at M.I.T.’s Sloan School of Management and former chief economist at the International Monetary Fund, raises the question of “As we move closer to a Senate – and presumably national – debate on financial reform, the central technical and political question is:  What would prevent any bank or similar institute from […]

Economic indicators show that the recession is over.  This is the opinion of Rick Mattoon, a senior economist and advisor in the economic research department of the Federal Reserve Bank of Chicago and a lecturer at the Kellogg School of Management at Northwestern University.  Rick’s primary research focuses on issues facing the Midwest regional economy. […]

Manufacturing is gradually on the upswing, according to the December ISM Manufacturing Index, which rose to 55.9 from November’s 53.6 reading.  A gain to just 54.3 was expected, so the news is encouraging.  In terms of inflation, prices paid climbed to 61.5; an increase to 57.2 was forecast.  This is great news for a sector […]

Manufacturers are feeling sunnier, according to a new Price Waterhouse Coopers poll. The poll, which queried senior executives at 60 industrial manufacturers between mid-July and mid-October, found that 48 percent sense optimism about the American market compared with last year an improvement over the second quarter.  In light of this cautious optimism, 23 percent expect […]

Architecture 2030 is a non-profit, non-partisan, independent organization established in response to the global-warming crisis.  Its core mission is to transform the global building sector from a major contributor of greenhouse gas emissions to part of the solution to the global-warming crisis.  The organization seeks to achieve a dramatic reduction in greenhouse gas (GHG) emissions […]

Finally, there’s encouraging news on the economic front.  The economy declined just one percent during the second quarter of 2009, a rosier report than was expected.  It is the strongest signal so far that the longest recession since the end of World War II is easing its grip. In a report issued by the Department […]

Iceland’s economic collapse, the result of a reckless government and a lack of financial regulation, is an object lesson to Americans who fear increased — but necessary – markets oversight. Icelandic debt is 10 times the country’s GDP!  In the United States, our debt would have to be close to $100 trillion to put us […]

It’s now official.  We are in a recession and it started a lot longer ago than we thought – in December of 2007.  That’s the verdict of the National Bureau of Economic Research’s (NBER) Business Cycle Dating Committee, the non-profit organization that economists and the government regard as the arbiter on recessions. According to the […]