Without official GDP data due to the shutdown, the nation’s economic growth for the third quarter is unclear.
The rebound is a sign that corporate America is hanging in there, despite shifting trade policy.
Each measure looks at economic productivity. One focuses on who does it, and the other on where it happens.
Compared to many other countries, the U.S. trade-to-GDP ratio is below the global average. But the explanation is complicated.
The keepers of GDP continually update their calculations as more information becomes available.
The Bureau of Economic Analysis revised GDP down to 2.7% from the fourth quarter of last year.
That’s good news for inflation, but it might be bad news when it comes to the risk of a recession.
Tariffs on foreign-made imports to the U.S., and retaliatory tariffs on U.S. exports, are dragging down exports and imports.
GDP growth for the latest quarter is expected to be robust, but that is due in part to some unique elements of the quarter.
Plus: A rising GDP but a "weak" dollar?