The government had previously estimated that the economy expanded at a 2.7% annual rate last quarter. read more >

Most economists think the economy will slow further in the current quarter and slide into at least a mild recession by midyear. read more >

Last quarter's rise in the U.S. gross domestic product — the economy's total output of goods and services — followed two straight quarters of contraction. read more >

Nationwide, it accounted for 1.9%, or $454 billion, of current-dollar GDP in 2021. read more >

In its previous estimate for the April-June quarter, the government had estimated that the economy had shrunk at a 0.9% rate. read more >

Consumer spending slowed as Americans bought fewer goods, business investment fell, and inventories tumbled as businesses slowed their restocking of shelves. read more >

Gross domestic product in the United States plunged at an annual rate of 32.9% in the second quarter of 2020, a record. The drop was 9.5% compared with the first quarter. read more >

A government report earlier this month on gross domestic product included revised figures that affected data on Arkansas’ growth rate back to 1997, according to Michael Pakko, the state economic forecaster. read more >

Real gross domestic product grew 1.8 percent in the United States last year, a slowdown when compared with 2012, when GDP rose 2.5 percent. read more >