economic growth

Treasury Secretary Scott Bessent has said that the country can “grow” its way out of debt. Is growth enough?

The U.S. gross domestic product grew 2.2% this spring, an upward revision of 0.7%.

“It leaves some things out, but it is a very good gauge of the health of an economy,” said Allison Schrager, senior fellow at the Manhattan Institute and columnist at Bloomberg Opinion.

The overall GDP number was revised higher, up half a percent from the previous estimate. The topline number went up in part because we imported less than expected.

“I worry about the longer-term consequences here,” said Natasha Sarin, president and co-founder or the Yale Budget Lab. “Importantly, they're not consequences that can be reversed.”

GDP rose at an annual rate of 2% from January to March, according to data out today from the Bureau of Economic Analysis. A big reason why: investment in AI.

Higher inflation, lower unemployment, and a war — what’s all this mean for the job market going forward?

The Organization for Economic Cooperation and Development said the war is a test of the resilience of the global economy, with higher energy prices and uncertainty weighing on economic growth the longer it goes on.

The Labor Department’s shutdown-delayed report shows third quarter productivity grew at the fastest pace in two years — a 4.9% annualized gain.

Here’s what to expect in 2026, after a year of “uncertainty.”