Law firm executives contending with fresh economic uncertainties can look to some reliable indicators to gauge how recent unforeseen shocks could affect their firms in 2022. Historically, real GDP and levels of activity involving initial public offerings and mergers and acquisitions have correlated to ... READ MORE >
real GDP
US gross domestic product: Actual vs. potential output
The discussion around economic growth going forward will be somewhat difficult and definitely misleading. The current Bloomberg consensus on third quarter growth in gross domestic product is 18% (RSM’s forecast is 14.2%), and that will likely be brought down noticeably in the coming days. The economy ... READ MORE >
Economic growth is running out of steam, RSM data shows
The U.S. economy likely grew at a 2.0% yearly rate in July and August, a drop from the 2.3% yearly rate of U.S. real GDP growth in the first quarter, according to the RSM US Real GDP Index (see chart below). (The index is based on a subset of indicators used by the National Bureau of Economic ... READ MORE >