US Economy Slowed But Still Grew at 2.9% Rate Last Quarter
Most economists think the economy will slow further in the current quarter and slide into at least a mild recession by midyear. 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 >
The rise in gross domestic product — the economy's output in goods and services — marked a return to growth after consecutive drops in the January-March and April-June periods. 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 >
New figures show 5% growth in just the past two years, presenting strains — and opportunities — for the region. read more >
Economists noted that the third-quarter gain in GDP could be traced entirely to the surge in exports, which added 2.7 percentage points to the economy's expansion. 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 >
Still, the negative GDP number probably doesn't signal the start of a recession, and economists expect growth to resume later this year. read more >
Despite dreary GDP and inflation numbers, Mervin Jebaraj found "significantly positive" signs in two sectors. read more >
Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth. read more >
Private investment rocketed 32% higher, boosted by a surge in business inventories. read more >
