What will the gdp be in 2017

It was previously reported to have been neutral. Growth in business spending on equipment was unchanged at a rate of 8. Investment on nonresidential structures was revised to show it increasing at a 7. Both export and import growth were revised slightly lower. Trade contributed two-tenths of a percentage point to GDP growth last quarter. Housing was a slightly bigger drag on growth in the last quarter than previously reported, subtracting 0.

The government also sharply revised down growth in corporate profits for the second quarter. Profits after tax with inventory valuation and capital consumption adjustments increased at a 0. Skip Navigation. Key Points. The growth rate was expected to remain at 3 percent according to a survey of economists from The Wall Street Journal.

The economy at its core remains stable, as steady job growth and a booming stock market encourage households to spend. If you continue to navigate this website beyond this page, cookies will be placed on your browser.

To learn more about cookies, click here. GDP growth is estimated to drop to 4. First, the drought that hindered national agricultural output and the generation of hydropower together increased inflation and reduced household consumption.

Second, private sector access to credit continued to decline, constricting economic activity. Third, election-related uncertainty weakened private sector activity for a good part of After setbacks in the fourth quarter of and the first quarter of , eurozone real GDP is starting to rebound in the second quarter as COVID vaccinations rise, new infections decline, and containment measures ease.

As in the United States, on average, household finances are in good shape after lockdowns caused a surge in "forced" saving in Eurozone real GDP will likely increase 4. Mainland China's economic expansion is supply-led, but domestic demand will catch up. In the first quarter of , real GDP increased Growth rates of industrial production and services output are outpacing gains in fixed investment and retail sales. Consumer demand has been slow to recover, and precautionary savings remains higher than normal.

On the positive side, the rapid recovery in supply is restraining consumer price inflation. After a 2. A second wave of the pandemic was previously in the India forecast, but it is proving more virulent and deadly than anticipated.