Economy - WSJ About WSJ News Corp is a global, diversified media and information services company focused on creating and distributing. ![]() The name comes from the childrens story Goldilocks and the Three Bears. Think lower marginal tax rates, implemented in 2003 to strengthen work incentives, and significantly increase after-tax investment rewards. JPMorgan CEO Jamie Dimon Sees ‘Goldilocks Moment’ for U.S. It is an economy which combines a moderate GDP growth and low inflation. is an economy that is not too hot or cold, in other words sustains moderate economic growth, and that has low inflation, which allows a market-friendly monetary policy. “You know, for all this talk about recession, (with some pundits calling for a recession just about every year-Paul Krugman comes to mind), the reality is that economic growth has been steady and strong following the 2001-2002 recession. The median estimate of 22 economists surveyed Monday by Dow Jones Newswires was 3.0% growth.įor the year, GDP, advanced 3.4%, compared to a 3.2% increase in 2005 and 3.9% growth in 2004.” (see graph above) The 3.5%, fourth-quarter increase not only defied original expectations but also was much better than Wall Street generally thought in predictions made this week. GDP climbed at a 3.5% annual rate October through December, the Commerce Department reported today. ![]() ![]() economy resurged at the end of 2006, overcoming a slump in housing as consumers sustained by lower energy prices freely spent money.
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