Tag: GDP

What a Leading Economist Says about the U.S. Government Adopting My Gross Output Statistic

The editors of the Wall Street Journal gave me top billing in yesterday’s op-ed page: "At Last, a...

How Gross Output Enhances Measurement of the Economy

I recently attended a special workshop presented by the Bureau of Economic Analysis. This three-hour meeting was all...

Fourth-Quarter U.S. GDP Growth Cut to 2.4 Percent

The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports fell below initially estimates,...

Three Key Factors Propel S&P 500 to Positive Territory for the Week

A trio of events combined to lift the S&P 500 out of its month-long losing streak, putting the...

[viet globe statue]

Stronger U.S. Economy Throwing Weight around the Globe

In the wake of the United States’ active 3.7 percent growth in Q4 GDP, and the Federal Reserve’s...

Third-Quarter Growth in U.S. Revised Higher on Services

The U.S. economy expanded in the third quarter faster than previously estimated as consumers boosted spending on services...

Gross Domestic Expenditures chart

My ‘Gross Output’ Statistic is Adopted by the Government

I’ve been advocating this new national statistic since writing “The Structure of Production,” published in 1990. Now it’s...

[dollar bills]

U.S. third-quarter growth revised up to 3.6 percent

The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively boosted inventory, but...

Good Economic News out of China? SEC Takes on Goldman’s Big Bad Wolf; The Most Powerful Testimonial in the World

The Chinese National Bureau of Statistics released economic performance figures today for the world’s second-largest economy. In a...