No, the Economy Has Not Reached “Escape Velocity”

It’s starting to look like real GDP in the first quarter of 2014 will–seasonally adjusted–be 2.0%/4 above real GDP in the fourth quarter of 2013. -0.5%-point per year of that will be weather-related, but even without the weather factor the economy looks to be starting the year still growing at or below potential.

No “gap closing”.

No “escape velocity”.

Connect with us!

Explore the Equitable Growth network of experts around the country and get answers to today's most pressing questions!

Get in Touch