GDP Archives - Page 2 of 22

Even as GDP growth cools, consumer spending is keeping the economy humming

by Stephanie Hughes

Aug 30, 2023

Consumer spending, which accounts for most of GDP, grew more in the second quarter than initially reported.

"If the consumer is strong, you basically don't have to worry about much else," says Baird analyst Ross Mayfield.

Frederic J. Brown/AFP via Getty Images

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The Fed keeps trying to take away the punch bowl — but the economy parties on

by Mitchell Hartman

Jul 27, 2023

Economists expected a downturn in economic growth from the first quarter’s 2% annual rate. Instead, growth accelerated to 2.4%.

The newest GDP report showed greater investment in auto and airplane factories, among other things.

Juliette Michel/AFP via Getty Images

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Is GDP still a useful gauge of China's economy?

by Jennifer Pak

Jul 17, 2023

There is a longstanding debate about whether the data is accurate. Some are skeptical of government officials' projections of 5% growth.

Crowds at Chengdu city's Taikoo Li commercial district. Chinese shoppers are consuming more, but not enough to offset weakness in the real estate sector and boost the sluggish economy. (Jennifer Pak/Marketplace)

Jennifer Pak/Marketplace

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National Debt

The debt limit deal would reduce government spending by about $1.5 trillion

by Justin Ho

May 31, 2023

Reduced government spending can have an impact on the broader economy. But economists say the effects will likely be limited.

"It does slow the economy, but not in a particularly meaningful way," said economics professor Justin Wolfers of the debit limit deal reached by House Speaker Kevin McCarthy and President Joe Biden.

Drew Angerer/Getty Images

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What does the decline in corporate profits say about the economy?

by Samantha Fields

May 25, 2023

Profits fell for the second quarter in a row, partly due to Fed rate hikes. Whether it’s a good thing depends on your role in the economy.

Profits are falling, but the stock market is "not freaked out," says Bruce Sacerdote of Dartmouth.

Timothy A. Clary/AFP via Getty Images

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Why pessimism about the U.S. economy might overshadow a longer-term success story

by David Brancaccio , Jarrett Dang and Alex Schroeder

Apr 28, 2023

Zanny Minton Beddoes, editor-in-chief of The Economist, explains why the U.S. economy may be stronger than it looks.

Zanny Minton Beddoes, editor of The Economist, said that the U.S. economy has outperformed other rich economies despite economic pessimism among Americans.

Spencer Platt/Getty Images

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GDP growth in the U.S. was sluggish last quarter

by Sabri Ben-Achour

Apr 27, 2023

Inflation was up and inventories down, but consumer spending kept GDP growing — albeit at a slower pace.

Consumers are still buying things, but "inflation wears you down," warns Morning Consult's John Leer.

Spencer Platt/Getty Images

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Banks in Turmoil

So how are consumers feeling about the economy post-SVB?

by Matt Levin

Mar 30, 2023

It may be hard to tell from some data out Friday, which is for February. But we may still get a read on whether consumer sentiment is changing.

February consumer spending numbers will show whether January's spending numbers were an anamoly.

Spencer Platt/Getty Images

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Here's why the U.S. revises GDP estimates — over and over

by Lily Jamali

Feb 23, 2023

The Bureau of Economic Analysis revised GDP down to 2.7% from the fourth quarter of last year.

The Bureau of Economic Analysis revised down its GDP estimate for the fourth quarter of last year from 2.9% to 2.7%.

Roman Babakin/Getty Images

Are the latest GDP numbers good news? It depends on how you look at them.

by Mitchell Hartman and Justin Ho

Jan 26, 2023

The economy grew, but not as much as expected. Some parts of the economy are slowing, but not as much as expected.

An increase in business inventories helped boost economic activity last quarter. But whether that's positive or negative depends on whom you ask.

George Frey/Getty Images

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Even as GDP growth cools, consumer spending is keeping the economy humming

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The Fed keeps trying to take away the punch bowl — but the economy parties on

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Is GDP still a useful gauge of China's economy?

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The debt limit deal would reduce government spending by about $1.5 trillion

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What does the decline in corporate profits say about the economy?

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Why pessimism about the U.S. economy might overshadow a longer-term success story

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GDP growth in the U.S. was sluggish last quarter

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So how are consumers feeling about the economy post-SVB?

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Here's why the U.S. revises GDP estimates — over and over

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Are the latest GDP numbers good news? It depends on how you look at them.

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