Tuesday, December 12, 2017

Economic slowdown in USA is real, not just technical

The note comes after Amit Shah attributed the slowdown – GDP growth slid for sixth qtr in a row to hit a three-yr low at 5.7% in June qtr – to “technical reasons”.

Read: Economic slowdown is real, not just technical: SBI Research – The Economic Times

U.S. Economy Grew 3% in 2nd Quarter, Fastest Pace in 2 Years 

Shoppers in New York. Economic growth in the last quarter was marked by strong consumer spending. Credit Justin Lane/European Pressphoto Agency

Source: U.S. Economy Grew 3% in 2nd Quarter, Fastest Pace in 2 Years – The New York Times

An overlooked indicator just plunged, and that could signal trouble ahead

The rate of household formations growth has declined significantly this year, and some say this could have negative implications for the broader economy.

Source: An overlooked indicator just plunged, and that could signal trouble ahead

55 Million US Latinos Are The World’s 7th-Biggest Economy

The economic output of the roughly 55 million Latinos in the United States would form the seventh-largest economy in the world, a new report shows, with a GDP of $2.1 trillion in 2015 — just behind France, but ahead of India.

If they were a US state, they’d have the country’s second-largest economy, behind only California.

The report, produced by the Latino Donor Collaborative, is part of an effort to promote what is says is “a factual view of the importance of Latinos to our economy.”

Read: 55 Million US Latinos Are The World’s 7th-Biggest Economy