Spare Us the GDP Agony. In 2018 as a whole, real GDP grew at the fastest pace for any calendar year since 2005. And what’s even more impressive is that year-over-year real GDP growth has accelerated in every quarter since the beginning of 2017.
Tag Archives: GDP Growth
Where’s the Recession? Ten days ago we got the employment report for January, which showed a payroll increase of 304,000 and the highest share of adults working since 2008. Yes, February has seen both initial and continuing unemployment claims average higher than in January, but only slightly. In other words, job growth looks set to continue shutting down economic naysayers.
“Fading” Fiscal Stimulus; Really? Fed Chair Jerome Powell and others have started a new narrative about economic “headwinds.” They think past rate hikes, slower foreign growth, and “fading fiscal stimulus” should slow the Fed’s rate hikes. But is fiscal stimulus really fading?