Winter 2014 Economic and Market Quarterly

In 2013 Real Gross Domestic Product in the United States grew at a rate of around 2%.  While consumer and business investment spending recorded positive growth trends, the full year growth comparisons were held back by the negative impact of the government sequestration initiatives instituted in the first quarter of 2013.   The continued political uncertainty surrounding the potential for incremental tax and regulatory actions that could result from political posturing during the year negatively contributed to investor confidence.

The complete PDF version of the Winter 2014 Economic and Market Quarterly is available online.