U.S. GDP Contracts 5% in Q1 as Corporate, Consumer Spending Plunge
The coronavirus pandemic triggered 'rapid changes in demand' as governments issued stay-at-home orders.
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."
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.”
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."
U.S. Economic Growth Slows to 1.9% in Q3
“There is something of a tug-of-war going on between consumers, who continue to spend, and businesses, which have sharply pulled back on investment.”
U.S. GDP Gain Revised Down to 2.0% for Q2
The government's second estimate of GDP showed a rebound in corporate profits as businesses benefited from strong consumer spending.
GDP Growth Slows to 2.1% in Second Quarter
Consumers increased spending while exporters and manufacturers cut back.
China Posts Lowest Economic Growth in 27 Years
The country’s economy experienced a significant slowdown as it faces trade tensions with the United States.
Growth of Federal Debt Slows, but ‘Unprecedented Levels’ Ahead
The nation’s federal debt is projected to swell over the next 30 years if current laws remain unchanged, CBO says.
Brazil’s 0.2% GDP Drop Fans Recession Fears
"There is a very real risk of contraction, which would take the country into a technical recession," an economist warns.
U.S. Economy Posts Surprise 3.2% GDP Gain
GDP got a boost in Q1 from a sharp decline in imports but economists warn that underlying spending and investment data point to slowing growth.