The Morning Economic Report

Monday-Friday at 7:33 am

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants.  Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes.  Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.

He is the author of numerous regional publications including the Mid-Atlantic Economic Quarterly and Outlook Maryland. Anirban completed his graduate work in mathematical economics at the University of Maryland.  He earned a Masters in Public Policy from Harvard University in 1992.  His Bachelors in Foreign Service is from Georgetown University and was earned in 1990.

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The Morning Economic Report
9:09 am
Thu June 4, 2015

Lagging Productivity Growth - 6/4/15

Productivity growth in the U.S., measured as output per hour worked, has lagged the efficiency gains observed in previous economic upturns.  There has been a large-scale debate in the economics community regarding the reasons for slow productivity growth.  There is a direct relationship between productivity growth and wage growth.  To the extent that productivity expands slowly, so too will wages all things being equal. 

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The Morning Economic Report
5:30 am
Wed June 3, 2015

Housing on the Rise - 6/3/15

While the U.S. economy has disappointed along many dimensions thus far in twenty fifteen, one segment of the economy that appears to be coming back to life is housing.  Residential builders broke ground on homes in April at the fastest pace in more than seven years.  Rising construction is helping to trigger retail sales in related categories, including at stores like Home Depot and Lowe’s. 

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The Morning Economic Report
5:58 pm
Mon June 1, 2015

Regional Growth and Decline - 6/2/15

For a number of years, the fastest economic growth was taking place in states located toward the center of the country.  Oil producing states like North Dakota, Louisiana, Texas and Oklahoma had been at the vanguard of economic expansion when oil prices were high.  But the fall in oil prices and rapid reductions in oil field investment are now taking their toll on these regional economies. 

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The Morning Economic Report
9:04 am
Mon June 1, 2015

Stronger Growth Than Expected in First Quarter - 6/1/15

A paper recently published by the Federal Reserve Bank of San Francisco suggests that the U.S. economy may not have been as weak during the initial months of twenty fifteen as available data indicate.  The Bureau of Economic Analysis’ initial estimate of gross domestic product expansion during the year’s first quarter was just zero point two percent. 

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The Morning Economic Report
8:59 am
Fri May 29, 2015

International Minimum Wage - 5/29/15

A new report from the Organization for Economic Cooperation and Development ranks Australia as offering the most generous minimum wage in the developed world.  The report ranks twenty seven nations that have laws establishing a nationwide minimum rate of pay.  Australia’s minimum wage workers make the equivalent of about nine US dollars and fifty four cents per hour once cost of living differentials are considered. 

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