Skip to Content

Why the US economy usually stinks at the beginning of the year

April 30, 2017 In The News 1 min read

 Reflection of skyscraper on wet pavers

Gross domestic product — the headline metric on the economy’s output — increased by just 0.7 percent in the first quarter, according to the Department of Commerce. Growth hasn’t been that sluggish since the first quarter of 2014 when it actually shrank.

But every first quarter report in the post-financial-crisis economic recovery has been weak. In fact, GDP has averaged a 0.6 percent annualized rate since 2013, despite trend growth rate of 2 percent to 2.5 percent over that same period, according to Jim Baird, the chief investment officer at Plante Moran Financial Advisors.

Originally published by on April 30th, 2017

Read full article here >>

Related Thinking

Professional photo of Jim Proppe.
November 27, 2023

Jim Proppe receives Leadership Award from Detroit Free Press

In The News 1 min read
IT professional walking up stairs.
November 27, 2023

Plante Moran recognized as a Best Place to Work in IT

In The News 1 min read
Automotive supplier looking at electric vehicle.
November 21, 2023

Supercharged: On the road at Plante Moran

Video 25 min watch