U.S. Economy Shakes off Virus, Surges 6.4%
“We’re at the opening stages of what could be a very strong six to nine months for the U.S. economy as it emerges from the pandemic."
Consumer Spending Rebounds With 2.4% Gain
“Government checks did their work, as both income and spending increased dramatically in January."
U.S. Household Debt Hits Record $1.4 Trillion
Americans beefed up their mortgage balances to a new high, taking advantage of near-zero interest rates.
U.S. Economic Growth Slows to 4% in Q4
After the worst year for the economy since at least the end of World War II, economists are still hopeful of a faster recovery in the second half of 2021.
Japan’s Economy Surges 22.9% in Third Quarter
Some economists fear Japan's recovery from the coronavirus pandemic is threatened by rising infections, with a contraction possible early next year.
U.S. Consumer Spending Growth Slows to 0.5%
Amid the surge in coronavirus infections, “We are increasingly worried that the monthly gains in consumption will be weaker."
U.S. GDP Surges by Record 33.1% in Q3
Economists are sticking to estimates of only 4% growth in the fourth quarter and a prolonged recovery from the coronavirus recession.
China’s Economy Grows Nearly 5%
“China's economy continued its rapid rebound last quarter, with the recovery broadening out and becoming less reliant on investment-led stimulus.”
No Interest Rate Increases for Three Years: Fed
The Fed's Open Market Committee said that the ongoing public health crisis would continue to weigh on economic activity, employment, and inflation.
Unsettled Markets: The Quiz
Uncertainty creates a lot of market volatility. How closely have you been following the 2020 fluctuations?
Japan’s GDP Falls by Record 27.8% in Q2
Japan’s economy entered a recession even before the coronavirus pandemic and could be facing a long road to recovery.