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  • Hear from T. Rowe Price Chief Economist Alan Levenson about the latest economic developments.

      Chief Economist Alan Levenson  

    on September 25, 2014

    There remained real concern, as recently as last year, that the U.S. economy could tip back into recession. While growth hasn't been robust in early 2014, there are many signs that the economy is getting healthier. The labor market is gaining momentum, now generating 2.5 million new jobs per year.


    Higher U.S. Wages Bode Well for Economy

    August 28, 2014

    In a lagged response to a firming pace of job growth and declining unemployment, American workers' wages finally are on the rise-with important implications for the U.S. economic outlook.

    Modest Uptick in U.S. and Global Economies

    July 25, 2014

    After a precipitous decline in the first quarter, the U.S. economy is rebounding and could grow at a 3% annual rate over the second half of the year, says T. Rowe Price Chief Economist Alan Levenson. Mr. Levenson says the 2.9% decline in real gross domestic product in the first quarter does not reflect any underlying fragility in the economy.

    Is Low Inflation a Risk?

    April 22, 2014

    Economic theory teaches that inflation is, in the long run, a monetary phenomenon. Indeed, persistently high inflation in the 1970s—too much money chasing too few goods—was brought to heel by a sharp tightening of monetary policy.

    Global Economic Growth Shows Improvement

    January 24, 2014

    Global growth this year will remain on the lower track that has prevailed since the 2008–2009 financial crisis but will be stronger than last year and with fewer major risk factors lurking in the background.

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