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Economic growth

What exactly is the Consumer Confidence Index? Why does it matter?

by Nancy Marshall-Genzer
Jun 29, 2021
Consumer confidence is about intentions and expectations, helping us predict the future.
The Consumer Confidence Index helps provide a picture of how people feel about the economy.
Kevin Hagen/Getty Images
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The economy seems great for some people, dire for others. What's going on?

by Mitchell Hartman
Jun 24, 2021
There's a disconnect between rising GDP and consumer spending — and the number of people out of work.
GDP is growing but unemployment claims are still high in this two-tiered economy.
Alex Edelman/AFP via Getty Images
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The Federal Reserve

Consumer forecasts of inflation could be a self-fulfilling prophecy

by Nancy Marshall-Genzer
Jun 14, 2021
A Federal Reserve survey found consumers are expecting inflation to hit 4% next year.
Consumers told the New York Fed they expect a 4% inflation rate next year. Officials with the central bank will meet this week to consider adjustments to their interest rate policy.
Scott Olson via Getty Images
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COVID-19

NABE forecasters predict strong economic growth, ongoing recovery in 2021

by Mitchell Hartman
May 24, 2021
The economists say they expect employment to recover and that recent price spikes for some consumer goods should moderate.
The economists surveyed also expect increases in inflation to be short-lived.
Spencer Platt/Getty Images
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Slow U.S. population growth stiffens economic headwinds

by Scott Tong
Apr 27, 2021
Retirees are living longer, the working-age population is shrinking and birthrates are down in the U.S.
New census data suggests a looming labor shortage. Companies may respond by employing older workers or substituting technology for people.
Justin Sullivan/Getty Images
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I've Always Wondered ...

Will economic growth always rely on population growth?

by Katherine Wiles
Apr 1, 2021
In theory, the ingredients of economic growth are capital and investment. In practice, not so much.
In theory, the economy can continue to grow with a stable population. In practice, not so much.
Dmytro Varavin via Getty Images
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U.S. economy shrank 3.5% in 2020 after growing 4% last quarter

by Associated Press
Jan 28, 2021
Last year saw the worst decline for U.S. GDP in 74 years.
Mark Ralston/AFP via Getty Images
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Cost of child rearing in China hinders baby boom

by Jennifer Pak
Oct 9, 2020
Besides the high costs of raising children, the cost of living is often cited as one of the key deterrents for young parents.
Fang Zixian and his abundance of toys — the first generation in his family to have such items.
Charles Zhang/Marketplace
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Reimagining the Economy

Universal basic income, blockchain and more: Reimagining the next decade

by David Brancaccio and Candace Manriquez Wrenn
Aug 18, 2020
"If people don't have money in their pockets, then this type of economy that we have can't work," says Wharton professor Mauro Guillén.
Mauro Guillén says that the future uses of blockchain, the underlying technology for cryptocurrencies, include incentivizing "prosocial behavior" like energy conservation.
Petras Malukas/AFP via Getty Images
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COVID-19

China's economy rebounds from COVID-19, growing 3.2% in the second quarter

by Sabri Ben-Achour , Jennifer Pak and Alex Schroeder
Jul 16, 2020
That makes it the first major economy to rebound since COVID-19 hit.
For comparison, China's economy shrank 6.8% in the first quarter of 2020.
Greg Baker/AFP via Getty Images
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