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Our U.S. debt is bigger than our economic output. Consequences include ballooning interest payments and potential trust issues.
Nostalgia, cold weather and an uptick in business travel have been good news for three Baltimore businesses.
Migrants around the world sent nearly $670 billion back to family members in their home countries. For some countries, remittances make up a quarter to a half of GDP.
We spent more over the holiday, but we bought less — thanks to inflation.
The answer will be pretty familiar: consumer spending, and lots of it.
The keepers of GDP continually update their calculations as more information becomes available.
Depending on how you measure it, the economy either grew or shrank, according to BEA statistics.
Gross domestic product has been the standard measure for economic growth since 1944, but it doesn’t measure the quality of life.
Consumer spending, which accounts for most of GDP, grew more in the second quarter than initially reported.
Economists expected a downturn in economic growth from the first quarter’s 2% annual rate. Instead, growth accelerated to 2.4%.