Sep
28
Nevada’s Economy: Where is the U.S. Economy Headed?

Nevada's Economy- Where is the U.S. Economy HeadedThe growth rate of U.S. real gross domestic product (GDP) slowed from a 4.0 percent annualized rate in fourth quarter 2011 to a 2.0 percent rate in first quarter 2012 and then a 1.3 percent rate in second quarter 2012. As of second quarter 2012, U.S. real GDP remained 6.0 percent below its potential. Is economic growth likely to accelerate and close the gap with potential GDP, or is it likely to languish? To answer this question, we examine the recent course of spending in the economy and its likely course over the next few quarters.

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