For the full year of 2014, Real Gross Domestic Product in the United States is expected to increase by 2.3%. Following the negative economic growth of 2.9% experienced in the first quarter the domestic economy exhibited a positive rebound in the second quarter with revised GDP growth of 4.6%. The preliminary release for the third quarter indicated that an economy grew at 3.5%, beating consensus forecasts of 3.1%. Third quarter growth was driven by stronger contributions from Government Spending (+0.8%) and a very strong contribution from net exports, as imports declined 1.7% and exports rose a very strong 7.8%.
The complete PDF version of the Fall 2014 Economic and Market Quarterly is available online.