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BEA Releases Third Estimate of First Quarter GDP and Corporate Profits First Quarter (June 2018)

06.28.2018

The Bureau of Economic Analysis released its “third” estimate of first quarter 2018 Gross Domestic Product.  The third estimate is based on data that is more complete compared to the “advance” and “second” estimates. The third estimate shows that real GDP increased at an annual rate of 2.0 percent during the first quarter of 2018. 

The increase in real GDP in the first quarter reflected increases in personal consumption expenditures, nonresidential fixed investment, exports, federal government spending, and state and local government spending.  The increase was partly offset by negative contributions from residential fixed investment and private inventory investment. Imports, which is subtracted in the GDP calculation, increased. 

Corporate profits increased $7.0 billion in the first quarter, compared to a decrease of $14.6 billion in the fourth quarter.

The full BEA press release on the second estimate of fourth quarter GDP can be accessed in the link below:

The next release—for the advance estimate of second quarter GDP 2018 will be released on July 27, 2018. 


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BEA Releases Second Estimate of First Quarter GDP (May 2018)

05.30.2018

The Bureau of Economic Analysis released its “second” estimate of first quarter 2018 Gross Domestic Product.  The second estimate is based on data that is more complete compared to the “advance” estimate. The second estimate shows that real GDP increased at an annual rate of 2.2 percent during the first quarter of 2018. 

The increase in real GDP in the first quarter reflected increases in personal consumption expenditures, nonresidential fixed investment, exports, private inventory investment, federal government spending, and state and local government spending.  The increase was partly offset by negative contributions from residential fixed investment. Imports, which is subtracted in the GDP calculation, increased. 

The full BEA press release on the second estimate of fourth quarter GDP can be accessed in the link below:

The next release—for the third estimate of first quarter GDP 2018 will be released on June 28, 2018. 


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Vermont Emergency Board Presentation (May 2018)

05.07.2018

On May 7, 2018, Jeffrey Carr of EPR presented the updated consensus revenue analysis of expected fiscal year 2018 General Fund receipts before the Vermont Emergency Board.  Click the PDF below to download a copy of the Economists’ May 7, 2018 Consensus Revenue Analysis Letter. 

The consensus was that General Fund receipts for fiscal year 2018 would likely not be less than $44.2 million above the fiscal year 2018 consensus revenue forecast approved by the Vermont Emergency Board on January 18, 2018.  The updated revenue analysis for the General Fund for fiscal year 2018 did not include any analysis of likely General Fund revenue receipts for fiscal year 2019 or fiscal year 2020.  An updated consensus revenue forecast for fiscal years 2019 through 2021 for the General Fund, and for the Transportation Fund and Education Fund will be presented at the next meeting of the Vermont Emergency Board to be convened around mid-to-late July of calendar year 2018.


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BEA Releases Advance Estimate of First Quarter GDP (Apr. 2018)

04.27.2018

The Bureau of Economic Analysis released its “advance” estimate of first quarter 2018 Gross Domestic Product.  The advance estimate is based on data that is subject to further revision compared to the “second” estimate. The advance estimate shows that real GDP increased at an annual rate of 2.3 percent during the first quarter of 2018. 

The increase in real GDP in the first quarter reflected increases in personal consumption expenditures, nonresidential fixed investment, exports, private inventory investment, federal government spending, and state and local government spending.  Imports, which is subtracted in the GDP calculation, increased. 

The full BEA press release on the second estimate of fourth quarter GDP can be accessed in the link below:

The next release—for the second estimate of first quarter GDP 2018 will be released on May 30, 2018. 


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IIUSA EB-5 Advocacy Conference & Industry Achievement Banquet in Washing, DC (April 2018)

04.25.2018

Subject: Invest in the USA Economic Impact Report:  Highlights EB-5 Program Contribution Across the Country, 4/25/18. 

Jeffrey B. Carr was part of a panel presentation regarding the economic contribution to the U.S. economy by the EB-5 Immigrant Investor Visa Program.  The program in 2015-16 made significant positive contributions to the U.S. Economy and accounted for a measurable proportion of total net U.S. job growth in thosei years.  

Please see his presentation in pdf form below.


PDF

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BEA Releases Third...

The Bureau of Economic Analysis released its “third” estimate of first quarter 2018 Gross Domestic Product.  The third estimate is based on data that is more complete compared to the “advance” and “second” estimates. The...


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