economic growth Archives - CFO

World Bank Cuts 2022 Global Growth Forecast

World Bank Cuts 2022 Global Growth Forecast

“There is a pronounced slowdown underway. Policy support is being withdrawn and there is a multitude of risks ahead of us.”

By Matthew Heller | January 11, 2022

U.S. GDP Growth Slows to 2% in 3rd Quarter

U.S. GDP Growth Slows to 2% in 3rd Quarter

"The October-December quarter will be very different; spending on services is already rebounding as delta subsides.”

By Matthew Heller | October 28, 2021

U.S. Trade Deficit Hits Record $73.3B

U.S. Trade Deficit Hits Record $73.3B

Economists say the pace of the increase in imports is likely to slow in coming months as U.S. consumer demand cools down.

By Matthew Heller | October 5, 2021

Consumer Confidence Dips on Delta Spread

Consumer Confidence Dips on Delta Spread

"Assuming predictions of delta dropping hold true, this setback may be a three-month trough during the recovery rally."

By Matthew Heller | September 29, 2021

OECD Urges Caution on Easing Fiscal Support

OECD Urges Caution on Easing Fiscal Support

"A premature and abrupt withdrawal of policy support should be avoided whilst the near-term outlook is still uncertain.”

By Matthew Heller | September 22, 2021

Ida’s Economic Toll Seen as Relatively Modest

Ida’s Economic Toll Seen as Relatively Modest

Analysts estimate insurance industry losses from the hurricane will hit around $10 billion, one-tenth of the toll of Katrina.

By Matthew Heller | August 31, 2021

U.S. Economy Surges Back to Pre-Virus Levels

U.S. Economy Surges Back to Pre-Virus Levels

GDP rose at an annual rate of 6.5% in Q2 but shortages of workers and supplies of crucial products could slow growth for the rest of the year.

By Matthew Heller | July 29, 2021

U.S. Factory Orders Climb 0.8% in June

U.S. Factory Orders Climb 0.8% in June

Despite supply chain issues, "business investment is showing no signs of slowing down or a lack of confidence in continuing strength in consumer demand."

By Matthew Heller | July 27, 2021

U.S. Economy Shakes off Virus, Surges 6.4%

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."

By Matthew Heller | April 29, 2021

U.S. Factory Orders Climb 0.5% in March

U.S. Factory Orders Climb 0.5% in March

"The response of capital spending to the COVID pandemic is encouraging for the outlook for 2021."

By Matthew Heller | April 26, 2021

Business Inventories Increase 0.5% in February

Business Inventories Increase 0.5% in February

February’s gain in the GDP component, which was in line with economists’ expectations, followed a 0.4% advance in January.

By Matthew Heller | April 15, 2021

Jobs Market Continues Surge With 916,000 Gain

Jobs Market Continues Surge With 916,000 Gain

With government relief checks and the accelerating vaccine rollout, "there is finally real light at the end of the tunnel."

By Matthew Heller | April 5, 2021

Fed Holds Line on Rates Despite Rising Prices

Fed Holds Line on Rates Despite Rising Prices

The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”

By Matthew Heller | March 17, 2021

U.S. Economic Growth Slows to 4% in Q4

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.

By Matthew Heller | January 28, 2021

U.S. Trade Gap Hits 14-Year High of $68.1B

U.S. Trade Gap Hits 14-Year High of $68.1B

Retailers pushed imports of consumer goods to a record as they stocked up for the Christmas holiday season..

By Matthew Heller | January 7, 2021