consumer spending

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.

U.S. Consumer Spending Rises 5.6% in June

"The explosion of COVID-19 infections ... is casting doubt on the magnitude of the expected surge in third-quarter consumer spending."

U.S. Economy Shrinks by Record 32.9% in Q2

“It’s a very deep and dark hole and we’re coming out of it, but it’ going to take a long time to get out.”

U.S. Durable Goods Orders Jump 7.3% in June

“The sugar rush from re-openings has now faded and a resurgence of domestic coronavirus cases ... will weigh heavily on business investment."

U.S. Consumer Spending Plunges Record 7.5%

The March decline in spending "is the tip of the iceberg. The worst is yet to come with the April data.”

U.S. GDP Sinks 4.8% As Virus Ends Expansion

“If the economy fell this hard in the first quarter, don’t ask how far it will crater in the second quarter because it is going to be a complete disaster."