BWW Geeks World

Q4 GDP: Economy Still Facing Headwinds

Related: Press Release, News
Q4 GDP: Economy Still Facing Headwinds

The U.S. Bureau of Economic Analysis today reported a 0.1 percent decline in annualized growth in real gross domestic product for the fourth quarter of 2012.

The economy ended 2012 on a very sluggish pace, even though one-time factors put the number below the trend. While the inventory runoff and the steep decline in defense spending in the fourth quarter made economic activity look weaker than it really was, the underlying demand from consumers and businesses kept moving forward at a moderate pace. For the first half of 2013, we do not envisage a very strong acceleration in economic growth as the restraining economic forces remain in place, including fiscal policy tightening and ongoing uncertainty. However, there are reasons for hope in the second half of the year as the fiscal drag wanes and housing, which long created a drag on the economy, continues to turn from a headwind to a tailwind. The latest signal from The Conference Board Leading Economic Index for the U.S. suggests these developments might soon be in evidence.

Related Links
Creative Mobile Technologies Announces Compatibility With Apple Pay In NYC Taxis & Across The USCreative Mobile Technologies Announces Compatibility With Apple Pay In NYC Taxis & Across The US
October 22, 2014
Marketo Announces Revenue Growth of 54% for Third Quarter 2014Marketo Announces Revenue Growth of 54% for Third Quarter 2014
October 22, 2014
AT&T Reports 2 Million Wireless Net Adds, Record-Low Third-Quarter Postpaid Churn and Solid U-verse Subscriber Gains in Third-Quarter ResultsAT&T Reports 2 Million Wireless Net Adds, Record-Low Third-Quarter Postpaid Churn and Solid U-verse Subscriber Gains in Third-Quarter Results
October 22, 2014
Mellanox Technologies, Ltd. Announces Third Quarter 2014 Financial ResultsMellanox Technologies, Ltd. Announces Third Quarter 2014 Financial Results
October 22, 2014
Polycom Reports Significant Improvement in Operating Performance on Revenue of $336 Million in Third Quarter 2014Polycom Reports Significant Improvement in Operating Performance on Revenue of $336 Million in Third Quarter 2014
October 22, 2014


About Author

Subscribe to Author Alerts


Become a Fan, Follower & Subscriber