Friday, January 31, 2014

Things Are Getting Better {Deficits & GDP}

Today we'll continue our review of the economic date.  Nationally note that the economy continues to expand and our deficits are shrinking.

Federal Reserve estimates of GDP growth.



Gross Domestic Product is at all time highs.


Federal deficit while still too high on a sustainable basis has shrunk dramatically.  This chart shows the deficit as a percentage of Gross Domestic Product.



*Data comes from the St. Louis Federal Reserve.  You can double click on the charts if you want to make them larger.