Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy

largest gross domestic product numbers show late 2018 decline

3/22/2019

0 Comments

 
Picture
An end of the year 2018 decline in the Gross Domestic Product should be viewed in the context of the larger robust year, says a Department of Commerce official.
Nothing that overall the GDP was up by 3.1 percent for the entire year, Brian Moyer, undersecretary for economic affairs with the Commerce Department, asserted that that 3.1 percent “provides a focused picture of how the economy has grown from the last part of 2017 to the last part of 2018.”
In a statement, Moyer additionally noted that private domestic investment in 2018 grew 7 percent, the fastest growth rate in more than a decade.
Despite those numbers, some economists are predicting a GDP decrease for the rest of this year.
According to the CNBC Fed Survey, the GDP growth rate is pegged at 2.3 percent for the duration of 2019, with an even slower growth rate of just 2.0 percent in 2020.
In the face of that decline, Ben Casselman, a financial analyst writing in the New York Times, suggests that all such numbers should be kept in perspective.
“The fourth quarter slowdown wasn’t as severe as many forecasters had feared,” said Casselman, “and even with the loss of momentum late in the year, 2018 as a whole was among the best years of the decade-long recovery from the Great Recession.”
Analysts have also noted that in the face of the declining GDP, the nation’s construction industry continued to post late 2018 gains, driven partly by a 4.1 percent increase in non-residential buildings, along with a 2.1 percent increase in residential construction.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy