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Goldman Sachs: US To Dominate 2025 Growth With 2.5% GDP Boost, Euro Area Will Struggle
Saturday, November 16, 2024 - 2:15pm | 407Goldman Sachs Research predicts a strong year for global economic growth in 2025, forecasting a 2.7% increase in global GDP on an annual average basis, just above the consensus. The US is expected to lead the way, with GDP growth of 2.5%, significantly surpassing the consensus of 1.9%, Goldman...
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Weekly Jobless Claims Lower Than Expected, Suggesting Labor Market Strength: Wall Street Set For Higher Open
Thursday, September 26, 2024 - 9:03am | 448The U.S. economy expanded by 3% in the second quarter, according to the third estimate released Thursday, up from the 1.4% growth seen in the first quarter and representing an no change from the government’s second estimate. This outcome continues to reflect the strength of the U.S. economy...
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GDP Data Shows Economy 'In Good Shape,' Job Market 'Key' For Rest Of 2024: Economists
Thursday, August 29, 2024 - 11:47am | 620Thursday’s revised gross domestic product figure was a clear indication the U.S. economy is faring pretty well, according to an economist. “The GDP revisions show the U.S. economy was in good shape in mid-2024,” Bill Adams, chief economist for Comerica Bank, said Thursday. “...
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Markets 'Should Breathe A Sigh Of Relief,' Economist Says: New GDP Report 'Is Very Impressive'
Thursday, July 25, 2024 - 11:17am | 734The U.S. economy is much stronger than people realize, Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, said on Thursday. To the extent that markets were worried about a growth slowdown, Zaccarelli added, they “should breathe a sigh of relief” after this...
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Say It Ain't So: Remote Work Is, In Fact, Boosting Economic Growth, Labor Market Participation, Acknowledges BlackRock's Rick Rieder
Saturday, March 9, 2024 - 12:38pm | 1000The COVID-19 pandemic has led to a seismic shift in the landscape of the American workforce, ushering in an era where remote and hybrid work arrangements have become the new standard. This transformation has led to profound consequences, most notably an unprecedented surge in labor...
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4 Prominent Economists Unpack Q1 GDP Slowdown, Discuss Implications For Fed's Rate Hikes
Thursday, April 27, 2023 - 12:28pm | 595Despite increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment, the U.S. gross domestic product (GDP) only grew at a 1.1% annualized pace in the first quarter of 2023, falling short of the market's expected...
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US GDP Growth Falls Short Of Expectations In Q1: Markets React To Potential Fed Policy Shift
Thursday, April 27, 2023 - 8:52am | 362The U.S. gross domestic product (GDP) increased at a 1.1% annualized pace in the first quarter of 2023, well below analyst expectations of 2% growth, according to advance estimates released Thursday by the Bureau of Economic Analysis. Markets were volatile after the release, with...
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China Q1 GDP Defies COVID-19 Impact But March Data Begins To Reflect Softness: What You Need To Know
Monday, April 18, 2022 - 5:22am | 536China grew at a faster-than-expected clip in the first quarter, belying widespread fears that the COVID-19-induced shutdowns may have hurt the economy. GDP By Numbers: China's GDP rose 4.8% year-over-year in the first quarter, exceeding the expected growth of 4.4%, data from China's...
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Growth Beat Expectations To Round Out 2018, But The Economy Continues To Cool
Thursday, February 28, 2019 - 3:31pm | 1111Growth in the U.S. economy slowed further in the fourth quarter of 2018, but came in well above expectations to round out an impressive year of growth. The economy lost more momentum at the end of 2018 The Bureau of Economic Analysis (BEA) released long-delayed results for fourth quarter gross...
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Market Wrap For Wednesday, July 31: Stocks Mostly Unchanged Despite Upbeat Data
Wednesday, July 31, 2013 - 4:23pm | 998The U.S. stock market closed mixed on Wednesday despite upbeat economic data and a dovish FOMC statement. The advanced GDP estimate for the second-quarter came in much better than expected and the central bank showed no signs that a pullback in its quantitative easing program is imminent....
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GDP Advances 2.4 Percent; Revised Down from Original 2.5 Percent Estimate
Thursday, May 30, 2013 - 9:52am | 702Government spending cutbacks took a big bite from first quarter GDP, although consumers were resilient, even in the face of the end of the payroll tax cut at the beginning of the year. The second estimate for GDP for the first quarter was revised down to 2.4 percent from the first estimate of 2.5...
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Economy Continues to Grow; Third Quarter GDP Rises 2%
Monday, October 29, 2012 - 7:13am | 397The Commerce Department reported on Friday morning that Gross Domestic Product (GDP) in the third-quarter rose two percent, which was better than consensus estimates from economists of 1.8 percent. In the second-quarter, GDP rose 1.3 percent, so Friday's data shows that the economy has accelerated...
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CBO Reports Job Increases and GDP Decreases
Wednesday, August 24, 2011 - 3:48pm | 483Weeks after Congress was able to pass a last-minute proposal to raise the debt ceiling, the Congressional Budget Office projects a $1.3 trillion budget deficit for 2011. This is the third largest budget deficit in 65 years. (Via the Washington Post.) According to the CBO report, the $1.3 trillion...