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In its quarterly report, the Organization for Economic Cooperation and Development lifted its growth forecast for the U.S. to 1.8% for the year.
U.S. GDP grew 6.5% from April through June, less than many economists expected. However, it’s caught up to pre-pandemic levels.
Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.
The National Association for Business Economics predicts our economy could be growing once again by the third quarter.
It’s the sharpest fall since the deepest depths of the Great Recession.
Growth is slower this time, and the rich are accruing more of the gains.
Since the Great Recession hit in late 2007, fertility rates have been declining in the United States. A recent CDC study helps make the link between fertility and the economy.
The numbers are big. But also small. We explain.
About 10 percent of homeowners now owe more than their house is worth, boosting mobility for jobs and reviving retirement areas.
Lagarde said more policy changes would lead to "medium-term fiscal growth."