The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports fell below initially estimates, suggesting a loss of economic momentum heading into 2014. Gross domestic product (GDP) expanded at a 2.4 percent annual rate, the Commerce Department reported on Friday. That marked a sharp drop from the 3.2 percent pace reported last month and the 4.1 percent logged in the third quarter. Economists polled by Reuters had expected growth would be cut to a 2.5 percent pace. It is not unusual for the government to make revisions to GDP numbers, as it does not have complete data when it makes its initial estimates. In fact, the latest figures will be subject to revisions next month as more information is received. The revision left GDP just above the economy’s potential growth trend, which analysts put somewhere between 2 percent and 2.3 percent. Even with the revision, the second-half growth pace hit 3.3 percent and jumped from 1.8 percent in the first six months of 2013. Consumer spending accounted for a large chunk of the revision, after retail sales in November and December came in weaker than assumed.
Like This Article? Now Get a FREE Special Report: 3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Named one of the “Top 20 Living Economists,” Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.
A former Wall Street financial advisor with three decades’ experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.
Product Details
Cash Machine
Premium Income PRO (exclusively for subscribers of Cash Machine)
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Generational Wealth Strategies is a unique advisory service dedicated to helping people increase their retirement prosperity while also protecting and passing on more of their accumulated wealth.
Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.
Product Details
Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.
George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives. He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.
DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it… Nothing else.
