More than two-thirds of the real GDP growth in the first quarter can be attributed to inventories.
The real GDP growth rate of China was 7.4%, while India is expected to grow by around 6% in FY 2012.
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Keep in mind that, according to the IMF, the real GDP growth rate for the U.S. last year was only 2.8 percent.
The Recovery Act, which was credited widely with creating about two and a half million jobs so far, and in the most recent quarter, most analysts acknowledge that it lifted the real GDP by as much as 3 percent.
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Given that the analysis derived total employment from real GDP, the graph also implied that by 1Q2014, real GDP would also be the same in both cases.
Real final sales in the third quarter were up 3.2 percent, above the headline real GDP number of 1.8 percent.
Back in the day, I could quote you the change in real GDP for the past several quarters without trying hard.
The result was that the 2000s saw the slowest real GDP growth rate for any decade in American history.
Moreover, during the 2000-2007 expansion, the 10% increase in industrial production was a full 8 percentage points less than the expansion in real GDP, indicating that the falling dollar destroyed rather than increased manufacturing jobs.
That this occurred despite the rise in real GDP last quarter reflects both the typical lag between GDP growth and unemployment decline, and the recent exceptional increases in productivity.
Much was made of the sharp deceleration of real GDP growth in the second quarter, to 1.7 percent.
For example, the 3 percent growth in real GDP in the 4th quarter last year was almost two thirds inventory accumulation.
Our analysis compares the twelve month rate of change in real gross total debt growth versus the growth rate of real GDP.
The first estimate of the 1st quarter real GDP growth, at 2.2 percent, appeared to be a weakening from the 4th quarter, but real final sales, at plus 1.6 percent, was stronger by half a percentage point.
The experts predicted real GDP to grow at an annual rate of 1.6 percent this quarter, down from the previous estimate of 2.5 percent, and, over the next three quarters, they expect GDP growth to average 2.1 percent.
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In an earlier post , I claimed that the 3.2 percent growth in Real GDP understated the strength in the economy because inventory depletion (probably a sign of strength) took such a big chunk out of the number.
But this will have only limited effect in ameliorating the impact on real gdp growth.
The agency projected that real GDP would be 1.7 percent lower under the alternative fiscal scenario.
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Or, why not the shortfall in real GDP under Obama?
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For example, from 2000 to 2007 under the weak dollar policy of President George W. Bush, the 10% increase in industrial production was a full 8 percentage points less than the expansion of real GDP.
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As I argue in the video, even though most of the research shows that economic growth is maximized when government spending is about 20 percent of GDP, I think the real answer is that prosperity is maximized when the public sector consumes less than 10 percent of GDP.
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So, while the trade deficit remained large (not a good thing), its slight shrinkage in the third quarter boosted real GDP by one percentage point, down from a net boost of 2.5 percentage points in the second quarter.
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The Woodhill Curve shows the combinations of tax take and real GDP growth rate that produce the same present value of future Federal revenues.
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The first is the average GDP for the last 110 years, and the next is a graph of real GDP above and below that average of 3.3%.
We believe the healthy 3.3% real GDP growth in Q2 is not the last of its kind.
In the 11 post-World War II recessions so far, seven, including the 2007- 2009 decline, had at least one quarter of rising real GDP within the recession.
Still, to have a four-quarter interlude between the declining phases of the same recession would be unprecedentedly long, assuming that real GDP declines in the current quarter.
Danish employers are entirely free to outsource or lay off workers, and Denmark has one of the world's highest levels of employee turnover, which at 30% a year puts it on par with the U.S. Denmark's 3% real GDP growth is the highest in Western Europe, and it recently surpassed the U.S. in the World Economic Forum's ranking of the world's most "competitive" economies.
During the four quarters of 2012, real GDP grew by 1.5 percent, the third consecutive year of economic expansion.
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