Gross domestic product Archives - CFO

U.S. GDP Contracts 5% in Q1 as Corporate, Consumer Spending Plunge

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.

By Lauren Muskett | May 28, 2020

U.S. GDP Gain Revised Down to 2.0% for Q2

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.

By Matthew Heller | August 29, 2019

GDP Growth Slows to 2.1% in Second Quarter

GDP Growth Slows to 2.1% in Second Quarter

Consumers increased spending while exporters and manufacturers cut back.

By Lauren Muskett | July 26, 2019

White House Doubles Shutdown Cost Estimate

White House Doubles Shutdown Cost Estimate

The Trump administration now believes the government shutdown will subtract 0.1 percentage point from GDP growth every week.

By Matthew Heller | January 15, 2019

U.S. GDP Revised Down to 2.2%

U.S. GDP Revised Down to 2.2%

A weaker inventory buildup than first estimated could bode well for second-quarter gross domestic product numbers.

By William Sprouse | May 30, 2018

Think There’s a Talent Shortage Now? Just Wait

Think There’s a Talent Shortage Now? Just Wait

The ever-widening gap between employers' needs and workers' skills could drive massive lost financial opportunities over the next decade-plus.

By David McCann | May 7, 2018

U.S. Economy Slows to 2.3% Growth Rate in Q1

U.S. Economy Slows to 2.3% Growth Rate in Q1

Economists expect the GOP tax cuts to give a boost to GDP in Q2 but the economy may still fall short of President Trump's 3% target this year.

By Matthew Heller | April 30, 2018

Total World Debt Reaches $164 Trillion in 2016

Total World Debt Reaches $164 Trillion in 2016

The IMF urges countries to "build fiscal buffers now by reducing government deficits and putting debt on a steady downward path."

By Matthew Heller | April 19, 2018

U.S. GDP Growth Falls Back to 2.6% for Q4

U.S. GDP Growth Falls Back to 2.6% for Q4

The economy fell short of a third straight quarter of growth of 3% or more, in part because of a 13.9% surge in imports.

By Matthew Heller | January 29, 2018

Economy Rebounds From Slow Start to 2017

Economy Rebounds From Slow Start to 2017

The 2.6% gain in Q2 GDP does not mean President Trump "is on track to deliver on his promise of sustained annual growth of more than 3 percent."

By Matthew Heller | July 31, 2017

U.S. Economic Growth Revised Upward to 1.2%

U.S. Economic Growth Revised Upward to 1.2%

"Economic indicators so far aren't entirely convincing on a second-quarter bounce in activity," one economist says.

By Matthew Heller | May 30, 2017

U.S. Economic Growth Slows to 0.7% in Q1

U.S. Economic Growth Slows to 0.7% in Q1

The sluggish GDP report "marks a rough start to the [Trump] administration's high hopes of achieving 3 percent or better growth."

By Matthew Heller | May 1, 2017

Tax Refund Delays Slow Retail Sales Growth

Tax Refund Delays Slow Retail Sales Growth

U.S. retail sales rose only 0.1% in February but are still 3.7% higher in the first two months of 2017 than the same period last year.

By Matthew Heller | March 16, 2017

U.S. Economy Grows 1.9% in Fourth Quarter

U.S. Economy Grows 1.9% in Fourth Quarter

Growth eased from 3.5% in Q3 as a sharp drop in exports offset solid consumer spending and a pickup in business investment.

By Matthew Heller | January 30, 2017

CBO Revises 2017 Budget Gap Down to $559B

CBO Revises 2017 Budget Gap Down to $559B

But the agency also sees the deficit reaching $1.4 trillion, or 5% of GDP, by 2027, driving debt held by the public to the highest level since 1947.

By Matthew Heller | January 25, 2017