Premium
United States
Publication year - 2014
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12122
Subject(s) - limelight , quarter (canadian coin) , investment (military) , economics , percentage point , annual growth % , agricultural economics , finance , geography , archaeology , engineering , politics , political science , law , electrical engineering
Real GDP growth for the second quarter was revised up to an annualized rate of 4.6%, from a second estimate of 4.2%, as final sales advanced 3.2% and inventories contributed 1.4 percentage points to growth. Business investment stole the limelight with a 9.7% advance, while consumer outlays contributed 1.8 percentage points to growth. Newly available data for Q2 also led to an upward revision of residential investment, and a stronger net trade contribution. We expect the economy to grow by just over 3% in Q3, with the economy expanding 2.2% in 2014 as a whole and 3.1% in 2015…
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom