US GDP Data First Quarter 2011

Data for the Classroom from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ US GDP Growth at 1.8% in First Quarter 2011 Posted May 26, 2011 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.

US GDP Growth Q1 2011
US GDP grew at an estimated 1.8% annual rate in Q1 2011
The January-March 2011 quarter was the 7 th consecutive quarter of growth since the end of the recession that lasted from Dec 2007 to Jun 2009
The growth rate of 1.8 percent disappointed many observers. Growth is expected to recover somewhat later in the year, but the recovery remains weak
Posted May 26, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

Sources of US GDP Growth Q1 2011
Consumption was the fastest growing GDP component, but slower than in Q4 2010
Investment grew at 1.45%, with strong business equipment purchases offsetting weak residential investment
Federal, state, and local government spending all declined, led by a drop in defense spending
Net exports were almost unchanged, as strong export growth was slightly more than offset by rising imports
Posted May 26, 2011 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com

US GDP Data First Quarter 2011

by Ed Dolan on May 27, 2011

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US GDP Data First Quarter 2011 — Presentation Transcript