Thursday, February 6, 2014

NO, Not Good AT ALL

No, the Economy Has Not Reached “Escape Velocity”

By  | February 6, 2014, 8:06 am
It’s starting to look like real GDP in the first quarter of 2014 will–seasonally adjusted–be 2.0%/4 above real GDP in the fourth quarter of 2013. -0.5%-point per year of that will be weather-related, but even without the weather factor the economy looks to be starting the year still growing at or below potential.
No “gap closing”.
No “escape velocity”.

Thanks to: Washington Center for Equitable Growth

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