Trump official floats new approach for measuring GDP, as economy shows signs of slowing
The Trump administration’s proposed shake-up comes when economists already have broader concerns about the quality of economic data.
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Second estimate of U.S. growth confirms 2.3% expansion in fourth quarter
The report showcases an economy that continued to expand at a solid pace on the shoulders of resilient consumer spending.
U.S. economy grew at 2.8% pace in third quarter on strong consumer spending
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter.
First-quarter U.S. economic growth revised up sharply
Despite the big increase, the government’s third and final report on January-March economic growth still marked a deceleration from the 2.6% annual rate from October through December and the 3.2% growth from July through September.
U.S. economy grew at weak 1.1% rate in first quarter
Thursday’s GDP report was the first of three estimates the Commerce Department will make of growth in the January-March quarter. Economists expect growth to further weaken in the current April-June quarter.
U.S. economy returned to growth last quarter, expanding 2.6%
The U.S. economy grew at a better-than-expected annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
The decline that the Commerce Department reported Thursday in the gross domestic product—the broadest gauge of the economy—followed a 1.6% annual drop from January through March.
There’s no U.S. recession until an obscure panel of ‘eggheads’ says it is so
While many countries define an economic downturn as two consecutive quarters of negative growth for gross domestic product, the U.S. defers this assessment to elite academics at the National Bureau of Economic Research.
U.S. GDP slowed sharply in Q3, but big rebound expected in Q4
The expectation is that the economy in the current October-December quarter could grow at the strongest pace this year, with some economists forecast GDP could surge to an 8% rate in the fourth quarter.
U.S. economy accelerated at a robust 6.4% rate in first quarter
Growth in the current April-June period is expected to be faster still: Some economists say it could reach a 10% annual pace or more, driven by a surge in people traveling, shopping, dining out and otherwise resuming their spending habits.
U.S. economy slowed to better-than-expected 1.9 percent in third quarter
Economists had been forecasting a much bigger slowdown with fears that gross domestic product could slump to 1.4% or less given a number of headwinds.
Is U.S. economic recovery nearing its end after 8 years?
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
Indy GDP keeps up with most peer cities
Indianapolis’ economic performance in recent years has been as good or better than that of most of its peer cities around the Midwest, new government data show.