1/30/15

Real GDP in US - mediocre growth /slow down. As in the next ten years.

The Bureau of Economic Analysis reports that real GDP in the USA has been growing at almost the same rate since 2010 - around 2.2 % per year. In 2014, the rate of growth was 2.4% per year slightly above the 2013 value of 2.2% per year. Figure 1 illustrates the history (recession in 2008 and 2009). By all means this is a mediocre growth rate. It's even worse when real GDP per capita is considered - the growth in 2014 was  smaller than that in 2013 - 1.8% vs 2.4% per year, respectively. The economy is slowing down. Some optimists expected healthy growth.  Not in the next ten years.

Figure. Real GDP growth rate % per year

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Spain chases France and Italy in the economic fall race

The news about blackout in Spain is in full harmony with the overall decline of Spanish economy. The growth rate of real GDP per capita has ...