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.
Gross domestic product in the fourth quarter of 2017 rose 2.6 percent on an annualized basis, compared to 3.2 percent in the third quarter, according to the Bureau of Economic Analysis. The rate of economic growth for the 2017 calendar year was 2.3 percent, compared to 1.5 percent in 2016. Several components of GDP were particularly strong […]
Thursday, the Bureau of Economic Analysis will release final revisions to economic growth numbers, aka the gross domestic product, for 2016. In other words, we’ll find out if economic growth last year really was as lousy as it seemed. But why look back? With the end of first quarter of 2017 almost here, there’s plenty […]
Private companies, investors, workers and consumers depend on government economic data for a wide array of financial decisions.