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
9:04 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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The Morning Economic Report
7:38 am
Thu May 28, 2015

Seven Years Later, Economic Concerns Still Linger - 5/28/15

Next month, America will officially begin its seventh year of economic recovery.  Despite that, there are many people who remain unenthusiastic regarding U.S. economic performance.  The most recent reading of the University of Michigan’s Consumer Confidence Index unexpectedly fell more than seven points to a reading below eighty nine. 

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The Morning Economic Report
9:09 am
Wed May 27, 2015

Various Measures of National Output - 5/27/15

The most common way to describe national output is to cite gross domestic product statistics.  Gross domestic product represents the monetary value of all finished goods and services produced within a country’s border over a specific time period.  Growing up, many of us spoke in the language of gross national product, which is a measure of what the citizens of a nation produce irrespective of whether these items are produced within its borders. 

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The Morning Economic Report
5:30 am
Tue May 26, 2015

Declining GDP - 5/26/15

March was not a good month for the U.S. economy.  The private forecasting firm Macroeconomic Advisers provides a measure that tracks gross domestic product on a monthly basis.  As report in the Wall Street Journal, the forecaster recently reported that its monthly estimate for gross domestic product declined by an inflation adjusted one percent in March, the largest monthly drop since December two thousand and eight when the U.S. economy was in recession. 

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