[ARCHIVE] Make Your Move

An (Almost) Equal Opportunity Country

June 11, 2013

The recent BEA GDP-by-state statistics show nationwide economic growth.

In a recent news release, the U.S. Bureau of Economic Analysis (BEA) announced that the real gross domestic product (GDP) increased in 49 states and the District of Columbia in 2012. Durable–goods manufacturing, finance, and insurance and wholesale trade were the leading contributors to real U.S. economic growth. U.S. real GDP by state grew 2.5 percent in 2012 after a 1.6 percent increase in 2011. The only state in the Union that did not grow was Connecticut.

Almost universal growth means that prosperity was well dispersed across the nation, giving us a more stable platform for the future. This bodes well in terms of the projected mildness of the 2014 macro downturn compared to the scenario of only a few states gaining in a big way and leaving us more exposed to global problems and budgetary concerns. Instead, we find ourselves in the enviable situation of having economic growth help most Americans to stability and prosperity as demonstrated by the ongoing growth thus far into 2013. Plan on more good news in the coming months.

About the Author

Alan Beaulieu Blog | President

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. In his keynotes, Alan delivers clear, comprehensive action plans and tools for capitalizing on business cycle fluctuations and outperforming your competition--whether the economy is moving up, down, or in a recession.

Since 1990, he has been consulting with companies throughout the US, Europe, and Asia on how to forecast, plan, and increase their profits based on business cycle trend analysis. Alan is also the Senior Economic Advisor to NAW, Contributing Editor for INDUSTRYWEEK, and the Chief Economist for HARDI.

Alan is co-author, along with his brother Brian, of the book MAKE YOUR MOVE, and has written numerous articles on economic analysis. He makes up to 150 appearances each year, and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends.

Prior to joining ITR Economics, Alan was a principal in a steel fabrication company and also in a software development company.