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Dramatic Slowdown in GDP Growth

…rate of business spending growth since 2003:Q1. In fact, the only thing that kept GDP growth positive at all was a massive build-up in inventories – the largest increase in…

Output Volatility: GDP v. GNP

…that Ireland’s real GNP growth has been less than its real GDP growth. McCarthy also notes that Ireland’s real GNP growth is almost as volatile as its real GDP growth….

…domestic product (that is, output of goods and services) can grow, so, by definition, faster labor productivity growth results in slower job growth… There is no reason the gross domestic…