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Tag Archives: GDP

U.S. GDP growth revised upward to 3.7 percent in second quarter


The Associated Press The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department ...

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Mississippi economy in slight rebound after 2 years of recession


By TED CARTER Several years after Washington declared the Great Recession over, Mississippi continued to endure its consequences, finishing both 2013 and 2014 with a shrinking economy. That tough stretch appears to be over, with the state’s economic negativity turning positive in the second quarter of 2015, state economists say. With 2013 and 2014 included, Mississippi has had a deficit in ...

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State’s key economic indicators show slight strengthening

The performance of Mississippi’s economy in 2015 may hinge on growth in building permits, retail trade and consumer confidence offsetting a slowdown in U.S. manufacturing attributed to a stronger dollar, lower oil prices and bad weather. So say Mississippi state economists in the March issue of Mississippi’s Business, a monthly report on the state’s economy by the University Research Center ...

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Upon further review: State had negative GDP for 2011

Mississippi dipped back into recession in 2011, with overall economic output shrinking 0.8 percent, according to federal figures released last Tuesday. The Magnolia State was one of only six states where the economy contracted in 2011, along with Alabama, Hawaii, Maine, New Jersey and Wyoming, the U.S. Bureau of Economic Analysis reported. Senior economist Marianne Hill with the Mississippi Institutes ...

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New book claims it’s do-or-die time for U.S. economy

The United States will jump start its economy or lose to China by 2040, says Gallup CEO and chairman Jim Clifton in his new book “The Coming Jobs War.” Clifton says the biggest problem facing the world is an inadequate supply of good jobs. Based on Gallup’s worldwide polling, a good job is the global dream for all citizens and ...

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Japan stays ahead of China

TOKYO — Japan held its title as the world’s second-biggest economy after fourth-quarter growth beat expectations and kept the country just ahead of a surging China. Real gross domestic product grew at an annual pace of 4.6 percent in the October-December period, the government said TOday. The average forecast of 15 economists polled by The Associated Press was annualized growth ...

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