Economy
May 2, 2014
Gross Domestic Product- Q1 2014 First Estimate
Written by Peter Wright
The Bureau of Economic Analysis (BEA) released their first estimate of real GDP today, (April 30th) for Q1 2014. GDP rose in the fourth quarter by 2.6 percent but declined to 0.1 percent in the first estimate for Q1 2014. Figure 1 shows quarterly results since 1990 with the IMF forecast through 2018. The Q1 result was far worse than most economist’s expectations which had been for a gain of 1.1 percent. Results are reported at a seasonally adjusted annual rate.
