U.S. Productivity Grows at Revised 1.2% Rate in Q4
After the third-quarter contraction, “There is hope that the recent slight productivity uptick may lead to better results in the future."
Fed Cuts Interest Rates in Emergency Virus Move
“We saw a risk to the outlook of the economy [from the coronavirus outbreak] and we chose to act," Fed Chair Jerome Powell says.
OECD Urges Immediate Action on Coronavirus
“The virus risks giving a further blow to a global economy that was already weakened by trade and political tensions."
U.S. Economy Posts Smallest Annual Gain Since 2016
“Certainly, the economy isn’t firing on all cylinders, but it also doesn’t appear to be at risk of stalling out either.”
Do CEOs Have an Economic Crystal Ball?
Watch out: Chief executives have long had an uncanny knack for predicting how the economy will fare in the next year — and for 2020, their outlook is dark.
Budget Deficit Forecast to Top $1 Trillion in 2020
"Changes in fiscal policy must be made to address the budget situation because our debt is growing on an unsustainable path," the CBO says.
China GDP Growth Rate Slows to 6.1% in 2019
China's economy is "under pressure from weak consumer spending, rising unemployment and problems in the financial system."
Global Debt-to-GDP Hits Record 322% in Q3
The Institute of International Finance sees debt growth accelerating this year due to low interest rates and "loose financial conditions."
World Bank Cuts 2020 Growth Forecast to 2.5%
“While growth could be stronger if reduced trade tensions lead to a sustained reduction in uncertainty, the balance of risks is to the downside."
U.S. Labor Costs Growth Lowered to 2.5% for Q3
The sharp downward revision suggests inflation will continue to run below the Federal Reserve’s 2% target.
U.S. Factory Activity Drops for 4th Straight Month
“There is nothing to point to in [the November factory activity] report that signals a bottom in domestic manufacturing."