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Gdp Numbers

Third Quarter GDP Report: Economy Picks up a Bit, But Just a Bit

Jared Bernstein | Posted 12.26.2012 | Business
Jared Bernstein

The nation's economy expanded at an annual rate of 2 percent last quarter, according to this morning's GDP report. That's faster than last quarter's 1.3 percent and a bit above what most analysts were expecting, so that's good. But it's also just trend growth -- 2 percent is about what it takes to keep the job market pretty much where it is. I could easily write the campaign press releases: Romney/Ryan: growth too slow! Obama/Biden: 13th quarter of expansion, growth picked up from last quarter, no time to change horses (I'd add: especially when the other horse wants to run hard in the wrong direction).

Romney Calls Improving Economic News 'Discouraging'

AP/The Huffington Post | Posted 10.26.2012 | Politics

WASHINGTON — Republican presidential candidate Mitt Romney says a new report on the nation's economic growth is "discouraging." The Commerce Depa...

U.S. Economic Recovery Hopes Fade, Too Slow To Put Americans Back To Work

Washington Post | Neil Irwin and Sonja Ryst | Posted 05.25.2011 | Business

The recovery is fading, and a troubling new pattern is setting in: economic growth that is too slow to put Americans back to work....

Third-Quarter GDP Number Revised Down

AP/Huffington Post | Posted 05.25.2011 | Business

WASHINGTON (AP) -- The economy is growing modestly, with consumers too wary about spending to invigorate the recovery. That's the picture that emerge...