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.”
Infectious Economy: The Quiz
The COVID-19 pandemic threw the U.S. economy into a tailspin. Take our quiz to see how much you recall about the first months of the outbreak.
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.