In this week’s Economic Report, Dr. Rick Harper looks at the latest Gross Domestic Product (GDP) figures. According to revised data released Thursday (March 27) by the Commerce Department, GDP grew at an annual pace of 2.6 percent in the fourth quarter of 2013. The growth rate is slightly better than the 2.4% estimate published in February, but was down from 3.2% originally reported in January. Harper says “Overall, it’s a pretty good report,” noting increases in 1) consumer spending, 2) business investment spending, and 3) exports.
There was a familiar sight in the air over El Centro, California on Saturday as the Blue Angels, the Navy's flight demonstration team began the 2014 season before a crowd of over 30,000. After spending most of 2013 on the ground, the Blue Angels made it back in the air this past weekend to start the 2014 show schedule.