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Positive Signals in US GDP

Aug. 31, 2012

US economy is moving forward with increasingly solid footing.

As a forecaster for ITR Economics, I could not be happier with the latest GDP release yesterday. ITR Economics has long been forecasting for a moderate improving trend in economic growth for 2012, and the direction of the rates-of-change is verifying our outlook. The second quarter numbers for the U.S. economy are positive, showing a 2.3% gain versus 2Q11. There is a notable resiliency to the U.S. economy despite poor conditions in Europe and a politically split domestic government that could potentially derail the economy with billions in new taxes and spending cuts come January 2nd. Yes, the uncertainty about the economy is certainly there -- consumer confidence fell again last month -- but when it comes to action and actual business practices, it appears the U.S. is moving forward with increasingly solid footing.

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.