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US GDP Grew at 3.5 % in Q3



GDP grew at a higher than expected 3.5 percent annual rate in the third quarter of 2014. The biggest factors in this growth were increases in defense spending and the export of goods, but these trends won't likely hold. Expect growth closer to 2.0 percent going forward. More in CEPR's GDP Byte

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Pay-Cut Clock Documents Billions of Dollars Lost by Minimum-Wage Workers

Inflation has eroded the purchasing power of the minimum wage since it was last raised in 2009. As long as it remains stuck at $7.25 per hour, minimum-wage workers will face a continual and ongoing pay cut. CEPR's Minimum-Wage Pay-Cut Clock tracks the billions of dollars lost by workers every second the minimum wage remains frozen at the 2009 rate.

Commodity Prices and Economic Growth in Latin America

A new report by economists David Rosnick and Mark Weisbrot debunks the oft-cited 'commodities boom' explanation for Latin America's faster economic growth in recent years. Higher export prices allowed countries to avoid current account imbalances, but faster growth was achieved through other factors, such as successful macro-economic policy choices.


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CEPR's analysis of government economic data releases (CPI, Jobs, GDP, etc.).
Latest release: GDP Byte, October 30, 2014
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CEPR in the News

Fast Food in Denmark Serves Something Atypical: Living Wages
The New York Times, October 27, 2014


The Risks of Income Inequality
The Diane Rehm Show, October 27, 2014


Dilma Rousseff Narrowly Wins Brazil Re-election
AFP, October 27, 2014


Morales Re-Election Shows Failure of U.S. Policies
The Miami Herald, October 16, 2014


Evo Morales Has Proved that Socialism Doesn’t Damage Economies
The Guardian, October 14, 2014


Democrats Go on the Offensive on Taxes — EU Targets 'Double Irish' Tax Move — Hillary Talks Medical Device Tax
Politico, October 14, 2014

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