Industrial production, housing starts and permits in July have set the tone for a robust third quarter, as GDP growth is expected to be stronger than the long-run level of 1.8%. Industrial production rose 1% on the month, while housing starts and permits rose 3.9% and 0.1%, respectively, according to ... READ MORE >
RSM US GDP forecast
Coronavirus update: Fourth wave of infections to carry economic impact
At some point, the resurgence of the coronavirus will set the American and global economies back. In the United States, infections have increased to a rate of 157,000 per day, with each loss of life and the use of medical resources and foregone activity taking their toll on economic progress. The ... READ MORE >
Updating U.S. GDP forecast: Fiscal firepower to bolster growth
A confluence of recent events has set the stage for a significant increase in fiscal outlays this year that will boost growth in the American economy to 5.4% for the year, with risk to the upside. The upward revision comes after the Democrats captured control of the Senate by winning two runoff ... READ MORE >