Rick Harper

University of West Florida

  

  

In this week’s Economic Report, Dr. Rick Harper discusses the latest report from the Commerce Department showing that the U.S. economy posted a much bigger rebound in growth during the spring than previously reported.

“It was actually good news,” said Harper, referring to the federal government’s revised estimate on the GDP growth for the second quarter of 2015.  

Daniel Mota

Triumph Gulf Coast Inc., the nonprofit corporation charged with distributing $1.5 billion in economic damages from the 2010 Deepwater Horizon oil spill, held its inaugural meeting Tuesday. At Sandestin Golf and Beach Resort, where the event was held, the conversation could be summed up with two words: “diversify” and “collaborate.”

"My hope is that these funds will be used to diversify and deepen our economy so that we can be more and more the masters of our own economic fate," Florida state Sen. Don Gaetz, R-Niceville, said at the meeting’s start.  

In this week’s Economic Report, Dr. Rick Harper discusses Triumph Gulf Coast Inc., which will be holding its inaugural meeting Tuesday, Aug. 18 from 9 a.m. to noon at the Sandestin Golf and Beach Resort at 9300 Emerald Coast Parkway West in Destin.

In this week’s Economic Report, Dr. Rick Harper discusses new reports on personal income growth and job growth.

According to the Bureau of Economic Analysis, personal income increased $68.1 billion in June.

“It was actually stronger than expected,” Harper said. “It was up four-tenths of a percent in June, and the forecast had called for it to be less than that. So, (it’s) good news overall.”

In this week’s Economic Report, Dr. Rick Harper discusses the latest GDP figures, initial jobless claims for June, and pending home sales.

The Commerce Department says the gross domestic product, the economy's total output of goods and services, expanded at a 2.3 percent annual rate in the second quarter, led by a surge in consumer spending and a recovery in foreign trade.

In this week’s Economic Report, Dr. Rick Harper discusses the latest retail sales report, Federal Reserve Chair Janet Yellen’s testimony this before Congress, and plans for a new University of West Florida Center for Entrepreneurship.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses economic developments in Europe, with analysis of the economic crisis in Greece.

“We’re on the verge of seeing a Greek exit from the European Monetary System,” Harper said as the Greek government was holding an emergency meeting to discuss making another bid for financial help from the European Union.

In this week’s Economic Report, Dr. Rick Harper discusses the importance of the Fourth of July holiday weekend to local beach tourism and his latest viewpoint on wage growth.

First, visitors and locals alike will be celebrating Independence Day across the gulf coast this weekend.

According to Harper, the forward looking indicators are very strong.

“We’re seeing low gas prices, lowest they’ve been really in about five years,” he said. “We’re also seeing job growth.”

In this week’s Economic Report, Dr. Rick Harper discusses Governor Rick Scott’s signing of Florida’s 2015-2016 Budget and the economic outlook for 2016.

“It’s a big budget,” Harper said, referring to the state’s $78.2 billion budget. “It’s a sign that the economy is recovering, because when people are getting paychecks, when tourists are visiting Florida and paying sales tax on everything they buy, then that means that there are more dollars flowing into state coffers.”

In this week’s Economic Report, Dr. Rick Harper discusses the latest from the U.S. Federal Reserve and other important economic indicators.

The Federal Open Market Committee met this week, as it does every six weeks.

Pages