GDP dips by 0.9% in second quarter, but consumers are still spending

Jul 28, 2022
While consumers cut back on goods spending, spending on services jumped.
While consumer spending on goods dropped in the second quarter, services spending jumped.
Spencer Platt/Getty Images

When we expect big things from tech, the economy does better, according to new research

Jul 28, 2022
There's a link between anticipating future technology and spending decisions in the present, says macroeconomics professor Cristoph Görtz.
News of future technology rollouts can boost spending, new research shows, but some tech events can make people feel poorer.
Simonkr / Getty Images

This week's GDP number may show a shrinking economy. But that doesn't equal recession.

Jul 25, 2022
There are reasons to take a weak gross domestic product report with a big grain of salt.
Thursday’s report on gross domestic product may show a contracting economy, but recessions are typically determined by a wider range of data.
Spencer Platt/Getty Images

Businesses grew their inventories more slowly in the first quarter. That dragged down GDP.

Apr 28, 2022
The downturn isn't surprising, considering inventories grew by a record amount the quarter before.
Inventories did rise in the first quarter, but the GDP calculation only cares about how much they changed from the previous quarter.
Michael M Santiago/Getty Images

China's zero-COVID restrictions put pressure on businesses

Apr 15, 2022
China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.
The Yangshan Port near Shanghai. Even goods and cargo are tested for COVID-19 under China's aggressive anti-contagion policy.
Johannes Eisele/AFP via Getty Images

GDP growth in 2021 signals a strong economic recovery

Jan 27, 2022
GDP climbed by 5.7% last year — the highest annual growth rate in more than three decades.
Much of last year’s growth was related to unique circumstances brought on by the pandemic.
Spencer Platt/ Getty Images

China's troubles at home weigh on growth

Oct 18, 2021
Energy problems, supply chain woes and a shaky real estate sector are slowing down Chinese GDP growth.
A view of the Lujiazui financial district in Shanghai.
Hector Retamal/AFP via Getty Images

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The economy seems great for some people, dire for others. What's going on?

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

NABE forecasters predict strong economic growth, ongoing recovery in 2021

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

GDP grows at fastest rate since Reagan era, but there's still pain

Apr 29, 2021
Economists expect the U.S. to surpass the GDP we’d have seen if COVID-19 hadn’t happened. But many still wait for jobs to come back.
Even as the U.S.' GDP improves, it'll take a while for that to have an impact of jobseekers, if it ever does.
Spencer Platt/Getty Images