After finishing a record tenth-straight year with less than 3-percent growth in real Gross Domestic Product in 2015, the United States has started 2016 with a record tenth-straight first quarter in which real GDP grew at an annual rate of less than 3 percent, according to the “advance” estimate of first quarter GDP published today by the Bureau of Economic Analysis.

The BEA’s advance estimate of real GDP for the first quarter of 2016 showed real GDP growing at an annual rate of 0.5 percent.

Since 1948–the earliest year for which BEA has estimated the annual rate of growth in real GDP for the first quarter of the year–there has never been a year in which real GDP grew by as little as 0.5 percent in the first quarter and then the economy rebounded enough to see real GDP grow by 3.0 percent or better for the entire year.

Read more


NEWSLETTER SIGN UP

Get the latest breaking news & specials from Alex Jones and the Infowars Crew.

Related Articles


Comments