Gross Domestic Product

Goldman 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...

The 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...

Thursday’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. “...

The 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...

The 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...

Despite 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...

The 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...

China 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...

Growth 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...

The 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....

Government 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...

The 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...