The New York Times headline said it best: “Economy in First Quarter Was Worse Than Everybody Thought.”
Yesterday, the Bureau of Economic Analysis (BEA) released its second estimate of the GDP and found the economy contracted by 1 percent during the first quarter of 2014.
The Bureau of Economic Analysis released its “second” estimate of real gross domestic product (the goods and services produced in the U.S.) and found that the U.S. economy decreased 1.0 percent in the first quarter of 2014.
Yesterday, the Bureau of Economic Analysis’ (BEA) released its advanced estimate of first quarter real GDP growth.
The U.S. economy experienced a sluggish 0.1 percent growth rate in the first quarter of 2014, down from a 2.6 percent increase in the fourth quarter.
On April 2, 2014, The Center For Regulatory Solutions (CFRS) released their fact of the day, which stated that from 2009 to 2013 the regulatory final rules costs of the United States was more than the entire GDP of either Sweden, Peru or Ireland.
The Bureau of Economic Analysis (BEA) announced this morning that the U.S. economy grew at an annual rate of 2.6 percent in the 4th quarter of 2013.
Except for a report that indicated new home sales in the U.S. increased to a five-and-a-half year high in January, there were very few positive economic reports last week.
The White House released a video of President Obama and Vice President Biden running through the White House, finishing with a refreshing glass of water.
Yesterday we looked at the Congressional Budget Office’s projections for how the Affordable Care Act would affect the U.S. economy. Today we break down the other figures found in the CBO’s semiannual budget and economic report.