ADVISORY/Experts Available to Discuss 7.2 Percent GDP Surge in Q3.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: The Commerce Department announced the gross domestic product rose to a 7.2 percent annual rate during the third quarter of 2003, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article by Reuters. Economists said tax cuts, which were implemented in July, allowed consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. to increase by 6.6 percent. However, some economists suggest the growth will taper off Verb 1. taper off - end weakly; "The music just petered out--there was no proper ending" fizzle, fizzle out, peter out discontinue - come to or be at an end; "the support from our sponsoring agency will discontinue after March 31" 2. in the fourth quarter through 2004 due to the lack of job growth. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Dr. Rajeev Dhawan is director of the Economic Forecasting economic forecasting Prediction of future economic activity and developments. Economic forecasts, which range from a few weeks to many years, are widely used in business and government to help formulate policy and strategy. Center at Georgia State University's Robinson College of Business. As director of the Center, Dhawan develops U.S., Southeast regional and local metro economy forecasts. Dhawan also serves as an advisor to educational institutions and local and state government agencies. As a business consultant, he has been commissioned to prepare economic impact reports, home price forecast models, and suggest public policy recommendations. 404-651-3291, rdhawan@gsu.edu Professor Robert Nakosteen, of the University of Massachusetts-Amherst, School of Management, is an expert regarding economics, labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience analysis and economic forecasting. 413-545-5687 Professor Michael W. Brandl, of University of Texas, Austin, Department of Finance, is able to analyze and explain, in a straight forward and easy to understand manner the current state of the macroeconomy including issues such as: economic growth, business cycle fluctuations, monetary policy, and international macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. concepts and issues. His academic research centers around applied time series econometric e·con·o·met·rics n. (used with a sing. verb) Application of mathematical and statistical techniques to economics in the study of problems, the analysis of data, and the development and testing of theories and models. analysis of economic growth issues as well as empirical international comparisons of labor market activity and their impact on economic growth. 512-232-3355, 512-471-3434 (University PR Phone) ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/. |
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