Resulting Estimates of 2015

      The first week of the year has brought chilling temperatures and stocks and weaker estimates for the 4th quarter.Before monday the economy appeared as if it was going to finish strong with an initial estimate of a 2% increase of the GDP in October through December. These estimates are dropping quickly beginning monday morning. The Federal Reserve of Atlanta states that number is closer to .07% from their initial 1.3%,Jp morgan has cut their estimate in half from the predicted 2% to now 1%.If these estimates play out it would mean that the economy in 2015 would finish in relatively the same state in which it began the year. The GDP has grown 0.6 in the first quarter of 2015 before bouncing back in the summer and spring. The production of cars, the opening of restaurants and recently the growth in home purchases have been key to supporting the economy in 2015 the same cannot be said for the global economy as as the domestic energy sector has been cutting into demand of american factories.
It is disheartening to hear that the predictions for the increase in percentage of the Gdp of the U.S was not as expected, perhaps ending on an optimistic note gave birth to these distant estimates.However you cannot underplay the increase of the gdp with numbers that large.In fact 0.01% is still over 1.5 billion dollars and as long as the economy is finishing on a somewhat positive note it should be held to value whatever the size.