The U.s. economy contracted in the initial three months of 2014 without precedent for three years by 1 percent, figures from the Commerce Department demonstrated Thursday. An abatement was generally expected and likely reflects impacts of the curiously merciless winter that reduced development ahead of schedule in the year.
The figures fell beneath the desires of Bloomberg-studied economists, who called for a descending correction of less 0.5 percent after a long ago reported expand of 0.1 percent. In the final quarter, genuine horrible local item expanded 2.6 percent.
The GDP perusing was dragged around contrary commitments from fares and private and nonresidential settled financing and helped by particular utilization uses.
This report underscores the setback to the recuperation from the unseasonably frosty winter climate in Q1, Millan Mulraine of New York-based TD Securities composed in an email to customers after the report. In any case, with monetary force starting to get, we are searching for a blockbuster Q2 development execution, with GDP development in abundance of 4.0 percent.
National government using and speculation expanded 0.7 percent, contrasted and an abatement of 12.8 percent in the final quarter.
Fares of merchandise and administrations declined 6 percent, contrasted and an ascent of 9.5 percent in the fourth. Imports, which subtract in the estimation of the GDP, expanded 0.7 percent.
The amount of horrible domesticated buys, or merchandise and administrations wherever transformed purchased by U.s. inhabitants, expanded 1.3 percent in the initial three months of the year, contrasted and an ascent of 1.5 percent the former quarter.
Late vocation information has been blended. Week by week provisions for unemployment plunged to 300,000 from a past 327,000, Labor Department figures demonstrated Thursday. The economy included 288,000 employments in April and the unemployment rate tumbled to 6.3 percent, as per a late Labor Department report, however the work energy support rate tumbled to the most minimal in 35 years.
The plunge into the negative won't fundamentally be a supported pattern and likely will turnaround in the nearing months, numerous economists, for example, Mulraine say. Central bank Chair Janet Yellen voiced a comparative hopefulness in a May 7 discourse before the Congressional Joint Economic Committee.
Home » news » GDP Contracts for First Time Since 2011
GDP Contracts for First Time Since 2011
Posted by Liz arcus Daily News, Lifestyle, Photography, Local, Entertainment News, articles, weddings
Labels
wedding
(
76
)
portraits
(
54
)
shepparton
(
53
)
family
(
35
)
beloved session
(
25
)
engagement session
(
13
)
documentary
(
12
)
country wedding
(
11
)
natural portraits
(
10
)
day in a life session
(
8
)
echuca
(
8
)
natural
(
8
)
World Cup
(
6
)
debutante
(
6
)
personal
(
6
)
children
(
5
)
couples
(
5
)
kialla
(
5
)
moama
(
5
)
3630 festival
(
4
)
Memorial Day
(
4
)
awards
(
4
)
baby
(
4
)
commercial photography
(
4
)
diet and nutrition
(
4
)
exhibition
(
4
)
melbourne
(
4
)
NBA
(
3
)
World Cup 2014
(
3
)
berrigan
(
3
)
black and white
(
3
)
exercise and fitness
(
3
)
health
(
3
)
health care
(
3
)
kyabram
(
3
)
liz arcus photography
(
3
)
newborn
(
3
)
personal finance
(
3
)
personal project
(
3
)
sponsored event
(
3
)
the olive house
(
3
)
yarra valley
(
3
)
Apple
(
2
)
Family Dollar
(
2
)
Hope Solo
(
2
)
Hurricane Arthur
(
2
)
IOS 8
(
2
)
Isaiah Austin has Marfan syndrome
(
2
)
Lebron James
(
2
)
Marfan syndrome
(
2
)
NBA Finals 2014
(
2
)
Nintendo E3
(
2
)
Reynolds High School
(
2
)
Student Loans
(
2
)
Technology
(
2
)
Television
(
2
)
Tracy Morgan
(
2
)
Wimbledon
(
2
)
all saints winery
(
2
)
awards. international photography award
(
2
)
beach
(
2
)
colleges
(
2
)
education
(
2
)
euroa
(
2
)
healthy
(
2
)
heart my heart project
(
2
)
immerse winery
(
2
)
iphones
(
2
)
junior soccer
(
2
)
money
(
2
)
morrison's winery
(
2
)
news
(
2
)
parkesbourne
(
2
)
paying for college
(
2
)
pericoota
(
2
)
retirement
(
2
)
sheppsounds
(
2
)
strathbogie
(
2
)
tatura
(
2
)
very special kids
(
2
)
veterans
(
2
)
"Brady Bunch" Actress Ann B. Davis Dies in Texas
(
1
)
#11Elevenlive
(
1
)
#every30minforaday
(
1
)
' a part of me - the light within'
(
1
)
'Deliver Us From Evil': Movie review
(
1
)
'Game of Thrones' Recap: Mountain Meets Viper
(
1
)
11 Eleven Project
(
1
)
22 Jump Street
(
1
)
4 Creative Ways to Reduce Your Student Loan Debt
(
1
)
5 Secrets to Managing High Credit Card Debt
(
1
)
5 Surprising Thinfluences on Your Weight
(
1
)
5 Things Everyone Should Know About Ramadan
(
1
)
6 Tips to Throw a Summer Party on a Budget
(
1
)
9 Ways to Add Fitness to Your Wedding
(
1
)
A Father's Day blessing for children: Protect them from weapon brutality
(
1
)
AAA
(
1
)
Affordable Care Act
(
1
)
All that You Need to Know About Private Student Loans
(
1
)
An Ailing Serena Williams Abandons a Doubles Match
(
1
)
Ann B Davis
(
1
)
Ann B. Davis
(
1
)
Apple discloses new working frameworks for Macs
(
1
)
Arizona
(
1
)
Arrangement or no arrangement? EU-Canada exchange arrangement flounders at last leap
(
1
)
Ashton Kutcher's
(
1
)
At E3
(
1
)
At World Cup
(
1
)
Auto Insurance
(
1
)
Auto Insurance Buyers
(
1
)
Ballmer
(
1
)
Bank settlement
(
1
)
Barack
(
1
)
Bastille Day
(
1
)
Beginning With The Law of Attraction
(
1
)
Belmont Stakes
(
1
)
Bernie
(
1
)
Beverage water to cut heftiness
(
1
)
Big Brother
(
1
)
Big Brother Premiere Recap: Eight Is the Loneliest Number
(
1
)
Black Pepper: King of Spices
(
1
)
Blackfish film
(
1
)
Brady Bunch
(
1
)
Brands Use Music to Speak Globally in World Cup
(
1
)
Brazil Vs Netherlands
(
1
)
Brazil police
(
1
)
Brazil v Chile: Julio Cesar the punishment shootout saint as hosts achieve World Cup 2014 quarter-finals
(
1
)
Burramine
(
1
)
Canelo vs Lara
(
1
)
Car Insurance
(
1
)
Chick Fil A
(
1
)
Consume
(
1
)
Costa Rica
(
1
)
Cristiano Ronaldo bows out of World Cup
(
1
)
D Day
(
1
)
D-Day
(
1
)
Darren Wilson
(
1
)
Dawn of the Planet of the Apes
(
1
)
Department of Veterans Affairs
(
1
)
Dies at 98
(
1
)
Dodge these 8 retirement screwups
(
1
)
Does 'Orange is the New Black' Make Netflix An One Hit Wonder?
(
1
)
Does skipping breakfast effect weight reduction?
(
1
)
Drink
(
1
)
Driving
(
1
)
E3
(
1
)
E3 2014: Nintendo discloses NFC-empowered puppets
(
1
)
EBOLA
(
1
)
EDC
(
1
)
Eli Wallach
(
1
)
Elliot Rodger
(
1
)
Emmy Nominations 2014
(
1
)
Eric Cantor
(
1
)
Eric Shinseki leaves over Veterans Affairs medicinal services embarrassment
(
1
)
Euroa butter factory
(
1
)
FIFA
(
1
)
Facebook's Mark Zuckerberg and wife
(
1
)
Fance
(
1
)
Father Develops 'Bionic Pancreas' to Help Diabetic Son
(
1
)
Father's Day
(
1
)
Fathers Day
(
1
)
Fault In Our Stars
(
1
)
Frances Bean Cobain
(
1
)
Frances Bean Cobain to Lana Del Rey: Early passing isn't "cool"
(
1
)
Friday the 13th
(
1
)
Fun and Affordable Family Vacation Ideas for Summer
(
1
)
GDP
(
1
)
GOP pioneer Eric Cantor loses in stun Tea Party upset
(
1
)
Game of Thrones
(
1
)
Georgia man charged in wreck that basically harms performing artist Tracy Morgan
(
1
)
Germany vs Ghana
(
1
)
Google Android System Hits Cars
(
1
)
Google to use more than $1bn on satellite web
(
1
)
Hall of Famer Tony Gwynn Dead at 54
(
1
)
Harry Potter
(
1
)
Hayden Panettiere
(
1
)
Hayden Panettiere is pregnant
(
1
)
Health Care Meets the 21st Century
(
1
)
Health news
(
1
)
Heart disease: treatment using vegetables over drugs
(
1
)
Henley beach
(
1
)
High blood sugar 'raises discouragement hazard' in diabetics
(
1
)
Hurricane Arthur Moves Away From U.S. East Coast
(
1
)
Independence Day
(
1
)
Is EDC Las Vegas Getting Too Big For the Underground?
(
1
)
Jay Carney
(
1
)
Jay Carney steps down as White House press secretary
(
1
)
Jeremy Meeks
(
1
)
Joe Manganiello
(
1
)
John
(
1
)
Josh Mcroberts
(
1
)
Kanye West and Kim Kardashian marry in Italian wedding
(
1
)
Kawhi Leonard
(
1
)
Kentucky bourbon
(
1
)
Killarney Point
(
1
)
Killeen
(
1
)
Killeen Barn
(
1
)
Kim Kardashian
(
1
)
Landon Donovan
(
1
)
Law of Attraction
(
1
)
Loans
(
1
)
Louisville Purge
(
1
)
Luis Suárez "bite" occurrence leaves Uruguay striker confronting long ban
(
1
)
Luis suarez
(
1
)
MERS infection spread from a camel
(
1
)
Man Dies at South Dakota Hot Dog Eating Contest
(
1
)
Mark Cavendish crashes as Marcel Kittel wins Tour de France's stage one
(
1
)
Markets dreary on US Independence Day
(
1
)
Mary J. Blige
(
1
)
Maya Angelou
(
1
)
Maya Angelou Dead At Age 86
(
1
)
McCain
(
1
)
Mediterranean Diet's Benefits
(
1
)
Mediterranean diet
(
1
)
Meet Steve Ballmer
(
1
)
Melbourne Age Newspaper
(
1
)
Michelle Wie
(
1
)
Michelle Wie wins U.S. Women's Open
(
1
)
Microsoft
(
1
)
Miss Indiana
(
1
)
Miss USA
(
1
)
Miss USA 2014
(
1
)
More nations adding realistic warnings to cigarettes
(
1
)
Most healthy women can skip pelvic exam
(
1
)
Multifaceted Actor
(
1
)
NAFTA
(
1
)
NBA Finals
(
1
)
NBA championship
(
1
)
Nagambie
(
1
)
Netherlands vs Mexico
(
1
)
Newborn child in Stolen Car Found in Bushes Still Snuggled in Car Seat
(
1
)
Neymar
(
1
)
Nia Sanchez
(
1
)
Novak Djokovic beats Roger Federer for men's title at Wimbledon
(
1
)
Obama
(
1
)
Oregon school shooting
(
1
)
Paleo Diet
(
1
)
Parkinson’s disease
(
1
)
Phoenix
(
1
)
Plunket Fowles
(
1
)
Police identify Calif. shooting suspect as Elliot Rodger
(
1
)
Port Melbourne
(
1
)
Portugal Vs Ghana
(
1
)
Pottermore
(
1
)
Priscilla Chan
(
1
)
Private company
(
1
)
Rachel Mcadams
(
1
)
Redskins
(
1
)
Rising Student Debt
(
1
)
Rodney Neighbourhood Kindergarten
(
1
)
Ronda Rousey
(
1
)
Ronda Rousey Cements Her Place as Most Terrifying Woman on Earth
(
1
)
Ruby Dee
(
1
)
Sam Smith
(
1
)
Sam Smith Performs at the Apollo
(
1
)
Sanders
(
1
)
Senators Reach Deal on Veterans Health Care
(
1
)
Serena Williams
(
1
)
Sia
(
1
)
Sia joins bipolar to smoking pot as a child
(
1
)
Slender Man
(
1
)
Soccer star Hope Solo apologizes after local viciousness occurrence
(
1
)
Soccer star Hope Solo captured on provincial strike charges
(
1
)
Spurs
(
1
)
St. Paul
(
1
)
Steve
(
1
)
Student Debt
(
1
)
Student and suspect dead in Oregon high school shooting
(
1
)
Suez Canal
(
1
)
Switzerland vs France
(
1
)
TV
(
1
)
TV RECAPS
(
1
)
Teenage Mutant Ninja Turtles
(
1
)
The First Step To A Better Life Using The Law Of Attraction
(
1
)
The Meta Delights of 22 Jump Street
(
1
)
The Paleo Diet—Is It Right for You?
(
1
)
The Ripple Effects of Rising Student Debt
(
1
)
The Secret to the Mediterranean Diet's Benefits
(
1
)
The Strain
(
1
)
Tonalist Wins Belmont Stakes
(
1
)
Tony Gwynn
(
1
)
Tour De France
(
1
)
Tracy Morgan 'More Responsive' Day After Crash
(
1
)
Tropical Storm Arthur
(
1
)
Tropical Storm Arthur strengthens
(
1
)
U.S. 1-0 loss to Germany
(
1
)
U.s. retail deals miss desires
(
1
)
US men's soccer
(
1
)
US men's soccer group shows heaps of life
(
1
)
USA
(
1
)
USA vs Belgium
(
1
)
USMNT
(
1
)
Uncommon double tornadoes hammer modest country Nebraska town murdering 2 individuals
(
1
)
Utilizing the Law of Attraction for Positive Thinking
(
1
)
Valentines day
(
1
)
Watching 'Game of Thrones' Game of Thrones (TV Program)
(
1
)
Wearables
(
1
)
What Happens If I Ignore My Student Loans?
(
1
)
What Is The Law Of Attraction?
(
1
)
Wimbledon 2014
(
1
)
World Cup 2014: 2 Neymar Goals Carry Brazil Past Cameroon
(
1
)
World Cup 2014: Germany and Ghana Play to a 2-2 Draw
(
1
)
World Cup 2014: Klinsmann 'exceptionally hopeful' for Altidore and Belgium test
(
1
)
Yarrawonga
(
1
)
Zendaya
(
1
)
Zendaya will no more play Aaliyah in an approaching film
(
1
)
acocp
(
1
)
adelaide
(
1
)
albury
(
1
)
all recreations
(
1
)
and Still Shrink
(
1
)
autumn
(
1
)
awards.
(
1
)
ballarat
(
1
)
banking
(
1
)
battle of the bands
(
1
)
big sur
(
1
)
black and white spider awards
(
1
)
blighty
(
1
)
blue bus
(
1
)
botanical gardens
(
1
)
business
(
1
)
california
(
1
)
chateau yering
(
1
)
chlildren
(
1
)
community
(
1
)
coriander
(
1
)
crash-safe
(
1
)
credit cards
(
1
)
dandenong ranges
(
1
)
deep creek marina
(
1
)
depression
(
1
)
diabetes
(
1
)
diet
(
1
)
doctors gathering says
(
1
)
dogs
(
1
)
dookie
(
1
)
economy
(
1
)
entertainment
(
1
)
financial aid
(
1
)
financial prospects
(
1
)
food and drink
(
1
)
football
(
1
)
fuji x 100
(
1
)
fun
(
1
)
google
(
1
)
goulburn valley region
(
1
)
graduate schools
(
1
)
gypsy gardens
(
1
)
health care reform
(
1
)
health specialists say
(
1
)
heart health
(
1
)
heartfelt
(
1
)
home run derby
(
1
)
instagram
(
1
)
interest rates
(
1
)
investing
(
1
)
investment rates
(
1
)
iphone
(
1
)
jennifer broadbent - celebrant
(
1
)
jobless cases climb
(
1
)
knight st guesthouse
(
1
)
leukemia
(
1
)
live and local
(
1
)
live at the park
(
1
)
mobile
(
1
)
moran contemporary photographic prize
(
1
)
movie
(
1
)
movie review
(
1
)
murray river
(
1
)
my children - Jamile and Jaiman
(
1
)
national parks
(
1
)
nebraska tornadoes
(
1
)
nets sea tempest watch
(
1
)
new games
(
1
)
no Kinect for Microsoft
(
1
)
nsw
(
1
)
numurkah
(
1
)
obesity
(
1
)
obesity in kids
(
1
)
obligation
(
1
)
ocean grove
(
1
)
ovarian tumors
(
1
)
paddlesteamer
(
1
)
paying for graduate school
(
1
)
personal budgets
(
1
)
plant acquisitions
(
1
)
polly mc quinn's
(
1
)
prescription drugs
(
1
)
protesters clash as World Cup begins
(
1
)
psychology
(
1
)
radcliffes
(
1
)
ranches
(
1
)
relationships Australia
(
1
)
rushworth
(
1
)
savings
(
1
)
school holiday workshop
(
1
)
sign lower
(
1
)
slash sugar from your diet
(
1
)
sleep
(
1
)
sleep disorders
(
1
)
smithers beach
(
1
)
soccers
(
1
)
social insurance site
(
1
)
sports
(
1
)
st brendans
(
1
)
st patricks college
(
1
)
st. augustines
(
1
)
straightening homes
(
1
)
strong-arm robbery suspect
(
1
)
students
(
1
)
summer
(
1
)
tamboora gardens
(
1
)
teenagers
(
1
)
the Clippers New Owner
(
1
)
the flour mill
(
1
)
the woolshed
(
1
)
the young ugees
(
1
)
therapy
(
1
)
to give $120 million to California schools
(
1
)
travel
(
1
)
traveling
(
1
)
vacations
(
1
)
weight loss
(
1
)
women
(
1
)
word and mouth
(
1
)
working women
(
1
)
x men days of future past
(
1
)
youth
(
1
)
Posts
Post a Comment