Q3 GDP Revision Pushes Economy to Fastest Growth in a Decade

first_img Demand Propels Home Prices Upward 2 days ago A strong revision to consumer spending helped push the economy to its fastest growth rate in more than a decade last quarter.According to a third reading released Tuesday by the Bureau of Economic Analysis (BEA), gross domestic product (GDP) increased at an annualized rate of 5.0 percent in Q3, up from an earlier estimate of 3.9 percent and an estimate of 4.6 percent in the second quarter.It also marked the best growth rate for GDP since the third quarter of 2003, which saw the economy grow at a yearly rate of 6.9 percent.According to BEA, the latest quarterly estimate includes improved contributions from consumer spending, which is now estimated to have increased 3.2 percent compared to Q2’s 2.5 percent gain.Also improved in the third report was the contribution from nonresidential fixed investment, which increased 8.9 percent. Residential fixed investment—a measure of the housing market’s direct contribution to economic activity—increased just 3.2 percent.Despite the third quarter’s promising growth rate—which beat the 4.3 percent forecast by economists surveyed by the Wall Street Journal—analysts don’t expect the economy will be able to maintain that momentum in the fourth quarter, even with lower gas prices fueling spending.”The central story of the third and fourth quarters remains intact with the torrid growth in the second and third quarters not continuing into fourth quarter, but also not being problematic for 2015,” said Doug Handler, chief U.S. economist for IHS, which predicts real GDP growth will come in between 2.2–2.4 percent for all of 2014. “In conjunction with other recent releases on the economy, our assessment for growth [in] 2015 will now be around 3.0 percent.” Q3 GDP Revision Pushes Economy to Fastest Growth in a Decade Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bureau of Economic Analysis Consumer Spending GDP IHS Global Insight 2014-12-24 Tory Barringer The Best Markets For Residential Property Investors 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Tagged with: Bureau of Economic Analysis Consumer Spending GDP IHS Global Insight December 24, 2014 986 Views The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily About Author: Tory Barringer Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Q3 GDP Revision Pushes Economy to Fastest Growth in a Decade Previous: DS News Webcast: Wednesday 12/24/2014 Next: Analysts Predict December Improvement for Existing-Home Sales Demand Propels Home Prices Upward 2 days ago  Print This Postlast_img read more

EPL: Gunners tackle Bournemouth

first_imgRelatedPosts Gunners, Reds battle for Community Shield glory Arsenal sign Brazil winger Willian on three-year contract FA Cup semis: Gunners, City light up Wembley Arsenal vs. Bournemouth Venue: Emirates Stadium Kick off: 2PMArsenal host Bournemouth at the Emirates Stadium off the back of their 4-0 win over Standard Liege in the Europa League in midweek. The young Gunners put on an impressive display, and one or two may get their chance to shine against a Bournemouth side that have started well but have the joint-fifth worst defence in the league. A trend appears to be emerging, with the Gunners’ ‘cup team’ continuing to record more impressive performances, having won their three games across the EFL Cup and Europa League so far by an aggregate score of 12-0. Among the young Gunners to have caught the eye is summer signing Gabriel Martinelli, who has now hit four goals from just two starts and is making quite an impression at the Emirates Stadium. He joins a growing list of young Arsenal talent that are beginning to stake their claim for regular, Premier League minutes ahead of some of the more experienced names. The win also took Arsenal to seven games across all competitions without a loss, and the Gunners have only lost once in their 10 competitive outings this term – a 3-1 defeat to Champions League holders Liverpool. Bournemouth, then, face a tough test as they visit the Emirates, but Eddie Howe’s side have made an encouraging start to the campaign thus far. The Cherries sit eighth in the table and are a mere point behind the fourth-placed Gunners after recording just two losses in the league so far – one of which was against reigning champions Manchester City. A concern for Bournemouth, however, is the fact that they are still yet to keep a clean sheet in the league, shipping 12 goals so far – only Watford, Norwich City, Newcastle United and Chelsea have conceded more. Last time out they drew 2-2 with West Ham United, a prime example of how their attacking prowess can be hindered by their defensive weakness, conceding their second in the final quarter of the game at 2-1 up. Arsenal possible XI: Leno, Chambers, Sokratis, Luiz, Kolasinac, Guendouzi, Xhaka, Pepe, Willock, Saka, Aubameyang. Bournemouth possible XI: Ramsdale, Stacey, Cook, Ake, Rico, H. Wilson, Billing, Lerma, Fraser, King, C. Wilson.Tags: Arsenal FCBournemouth FClast_img read more