Tracking the U.S Economy
Tracking the U.S Economy In 2014
Emnet Idesta
Jacksonville University
Davis College of Business
ECON 201
Professor Pordeli
29 May 2014
Table Of Contents
Executive Summary...........................................................................................................3
Current State of the U.S. Economy A. Gross Domestic Product (GDP)................................................................4
B. Foreign Trade (Exports & Imports)..........................................................6
C. Gross Private Domestic Investment..........................................................6
D. Consumer Spending ................................................................................8
E. Unemployment Rate.................................................................................8
F. Inflation Rate (CPI)...................................................................................9
G. Government Spending: Fiscal & Monetary Policies................................10 U.S. Economic Outlook: Remainder 2014.......................................................................11
U.S. Economic Personal Outlook: 2014...........................................................................12 Conclusion........................................................................................................................12
References.........................................................................................................................13
Executive Summary
The aim of this paper is twofold, to provide an in depth analysis and evaluation of the U.S economy, as determined by leading economic indicators and to provide an economic outlook for the remaining quarters of 2014. To establish a clear understanding of the current economy, our methods of analysis will utilize indicators such as the Gross Domestic Product (GDP), the
Emnet Idesta
Jacksonville University
Davis College of Business
ECON 201
Professor Pordeli
29 May 2014
Table Of Contents
Executive Summary...........................................................................................................3
Current State of the U.S. Economy A. Gross Domestic Product (GDP)................................................................4
B. Foreign Trade (Exports & Imports)..........................................................6
C. Gross Private Domestic Investment..........................................................6
D. Consumer Spending ................................................................................8
E. Unemployment Rate.................................................................................8
F. Inflation Rate (CPI)...................................................................................9
G. Government Spending: Fiscal & Monetary Policies................................10 U.S. Economic Outlook: Remainder 2014.......................................................................11
U.S. Economic Personal Outlook: 2014...........................................................................12 Conclusion........................................................................................................................12
References.........................................................................................................................13
Executive Summary
The aim of this paper is twofold, to provide an in depth analysis and evaluation of the U.S economy, as determined by leading economic indicators and to provide an economic outlook for the remaining quarters of 2014. To establish a clear understanding of the current economy, our methods of analysis will utilize indicators such as the Gross Domestic Product (GDP), the
References: Bureau of Economic Analysis. (2014). [Graph Illustration of Quarterly Real GDP changes 2007-2014]. Gross Domestic Product (GDP) Graph. Retrieved from http://www.whitehouse.gov/blog/2014/05/29/second-estimate-gdp-first-quarter-2014 Bureau of Economic Analysis (2014). [Table of Revisions to Real GDP Growth 2014 Q1]. Components of Gross Domestic Product (GDP) Table. Retrieved from http://www.whitehouse.gov/blog/2014/05/29/second-estimate-gdp-first-quarter-2014 Bureau of Labor Statistics. (2014). [Graph Illustration of CPI-U, Seasonally Adjusted, Apr 2013 - Apr 2014]. Consumer Price Index-Urban-June 2014. Retrieved from http://www.bls.gov/news.release/pdf/cpi.pdf Mutikani, Lucia. (2014, May 30) U.S. Consumer Spending Dips; Inflation Creeps Up. http://www.reuters.com/article/2014/05/30/us-usa-economy-idUSKBN0EA16O20140530 Congressional Budget Office Wells Fargo Securities, LLC Economics Group. (2013). 2014 Economic Outlook; Finding Balance - 2013 Dec 11