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.
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.
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."
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.
Pre-Pandemic Job Levels Not Happening Until 2023: Economists
Still, 82% of NABE panelists forecast real U.S. GDP would return to pre-pandemic recession levels sometime this year.
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.
IMF More Optimistic on Global Growth
The latest World Economic Outlook revised growth estimates but warned pandemic risks remain.
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.
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. 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.”