While consumers cut back on goods spending, spending on services jumped.
There's a link between anticipating future technology and spending decisions in the present, says macroeconomics professor Cristoph Görtz.
There are reasons to take a weak gross domestic product report with a big grain of salt.
The downturn isn't surprising, considering inventories grew by a record amount the quarter before.
China’s first-quarter economic data is not likely to be rosy, given the fallout of the Ukraine war and the current COVID surge.
GDP climbed by 5.7% last year — the highest annual growth rate in more than three decades.
Energy problems, supply chain woes and a shaky real estate sector are slowing down Chinese GDP growth.
There's a disconnect between rising GDP and consumer spending — and the number of people out of work.
The economists say they expect employment to recover and that recent price spikes for some consumer goods should moderate.
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.