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Economic Update- May 14, 2021

Economic Update- May 14, 2021

GDP According to the Bureau of Economic Analysis, Real GDP increased at a seasonally adjusted annualized rate of 6.4% during the first quarter of 2021. Personal consumption expenditures (PCE), a sub-component of GDP output, rose at an annualized 14.6% in the first...
Econoic Update- April 30,2021

Econoic Update- April 30,2021

COVID Cases & Vaccinations The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near daily increases. While the trend has started to re-improve, the current mark remains 4%...
Economic Update- April 9, 2021

Economic Update- April 9, 2021

IMG Global Growth Forecast According to a recent forecast, the International Monetary Fund projects that the world economy will grow by 6.0% in 2021, followed by 4.4% in 2022. Their most previous estimates projected global growth to be 5.5% and 4.2%, respectively. The...
Economic Update- April 2, 2021

Economic Update- April 2, 2021

New Business Applications According to the Census Bureau, new business applications totaled a seasonally adjusted 423k in February, falling 13.4% month-over-month. Of the 423k applications, the Census Bureau estimates that 31k new business will eventually form over...