Gross Domestic Prodcut news

Gross Domestic Product reports for the first quarter of the year in the United States economy were released recently, and show a mixture of positive and negative news. The negative news is that the U.S. saving rate has decreased again, which it has been doing steadily in the last few months. This is either due to optimism about the future, or a lack of choice and the latter seems to be the more likely scenario. This decrease in saving comes hand in hand with the fact that U.S. consumption is increasing, without wages or income matching that rise.

                The fact that the Gross Domestic Product as a whole increased can be seen as a positive thing, as the U.S. economy is still growing, which does not have too many drawbacks. It is also being used as a tool by the current incumbent politicians as economic expansion is a positive thing to have going for you in an election year.

                One of the biggest positives that economists have been stating with the recent news is that there are no signs that point to another economic recession occurring. Growth may not be at what is expected, but the economy seems to be working its way out of the doldrums of the last few years.