gross domestic product

The 10-year traded as high as 1.614% during the session, which was the highest level since Feb. 14, 2020.

Scholars are backing an idea that pushes social and ecological wellbeing over a system that pursues relentless economic growth.

The U.K. economy experienced its largest contraction since records began in 2020, as the coronavirus pandemic ravaged Britain’s economic activity.

Economists have been worried that the aggressive virus spread will exact an especially large toll on the services sector.

In a forecast that is well above consensus, the bank’s economists see GDP accelerating at a 5.3% pace next year.

President Donald Trump rattled off several false claims in his Nov. 12 speech to the Economic Club of New York, in which he contrasted the supposedly “bleak” outlook at the end of his predecessor’s term with an exaggerated portrayal of the economy’s strong performance during his own tenure.

Gun violence hits America’s youth and rural states the hardest and has reached the highest levels in decades, a report released Wednesday by Democrats on Congress’ Joint Economic Committee has found, NBC News reports. U.S. teens and young adults, ages 15-24, are 50 times more likely to die by gun violence than they are in other economically advanced countries, according...

Federal deficits are expected to swell to higher levels over the next decade than previously expected, the nonpartisan Congressional Budget Office said in a new report Wednesday. The CBO also said that President Donald Trump’s tariffs are projected to shrink gross domestic product by 2020, and warned that further tariff hikes could stifle economic growth. The U.S. budget deficit is...

U.S. employers sustained a steady pace of hiring in July, adding 164,000 jobs, according to the Bureau of Labor Statistics. The unemployment rate remained at 3.7% for a second straight month, close to a 50-year low. It’s a reassuring sign for an economy that’s endured a series of ups and downs.

The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the gross domestic product, the broadest measure of economic health, was unchanged...

The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered from the recession’s blows, according to a new survey by personal finance website Bankrate.com. “There are still tens of millions who are struggling to even get back to where they were before the economy took a turn...

The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic product, the broadest measure of economic health, marks an acceleration from a 2.2% gain...

The U.S. economy turned in a solid performance in 2018, boosted in part by tax cuts and higher government spending. But growth slowed by year’s end, and most economists envision a weaker outlook for the coming months and probably years. The nation’s gross domestic product, the broadest gauge of economic health, expanded at a 2.6 percent annual rate in the...

The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office. The report says the five-week shutdown has slowed growth in the near term but that most of the lost growth “will eventually be recovered.” Overall, CBO predicts that just $3 billion in lost...

Mexican President Andres Manuel Lopez Obrador launched an ambitious plan to stimulate economic activity on the Mexican side of the U.S.-Mexico border, despite recent U.S. threats to close the border entirely.

French President Emmanuel Macron tried to reassert control over a nation wracked by increasingly violent protests with offers of tax relief for struggling workers and pensioners — and an exceptional admission Monday that “I might have hurt people with my words.”...
It may not be enough....
Even as Macron broke his silence on the protests in a brief televised address, yellow-vested demonstrators...

President Donald Trump on Monday rejected a central conclusion of a dire report on the economic costs of climate change released by his own administration. But economists said the National Climate Assessment’s warning of hundreds of billions of dollars a year in global warming costs is pretty much on the money. Just look at last year with Hurricanes Harvey, Maria...

The United States is already feeling the heat from climate change — and the damage could cost hundreds of billions of dollars by the end of the century if more preventive measures aren’t taken now, a new federal report has found. Climate change has worldwide implications as well, which also means more trouble for the United States, NBC News reported....

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade. The Commerce Department said Friday that the third quarter’s gross domestic product, the country’s total output of goods and services, followed an even stronger 4.2 percent...

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. The performance of the gross domestic product, the country’s total output of goods and services, was unchanged from an estimate...