Gross Domestic Product
U.S. Economy Shows Another Decline, Fanning Recession Fears
A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession — or perhaps that one had already begun. Gross domestic product, adjusted for inflation, fell 0.2 percent in the second quarter, the Commerce Department said Thursday. That drop followed a decline of […]
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Income and Spending Rose Less Than Prices in May
Americans’ income and spending failed to keep pace with rising prices in May, the latest sign that the fastest inflation in a generation is chipping away at the bedrock of the economic recovery. Consumer spending, adjusted for inflation, fell for the first time this year, declining 0.4 percent from April, the Commerce Department said Thursday. […]
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As Stocks Fall, Economic Fears Rise, Along With Inflation
Broadly speaking, earnings reports have shown that profit growth continues, and results from some big firms, like Microsoft and Facebook’s parent, Meta Platforms, did briefly ease the panic on Wall Street. About 80 percent of companies in the S&P 500 to report results through Thursday did better than analysts had expected, data from FactSet shows. […]
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Economy Contracted in the First Quarter, but Underlying Measures Were Solid
The U.S. economy contracted in the first three months of the year, as supply constraints at home, demand shortfalls abroad and rapid inflation worldwide weighed on an otherwise resilient recovery. Gross domestic product, adjusted for inflation, fell 0.4 percent in the first quarter, the Commerce Department said Thursday. It was the first decline since the […]
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Biden Administration Plays Down Growth Decline in G.D.P. Report
The White House dismissed a slump in first-quarter growth that was driven by a quirk in inventories and a jump in imports, emphasizing that Thursday’s report on gross domestic product also pointed to underlying strength in consumer spending. G.D.P. declined 0.4 percent in the first quarter after adjusting for inflation, or 1.4 percent on an […]
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U.S. Economy Grew 1.7% in 4th Quarter, Capping a Strong Year
Even so, the average business owner “sees a very strong environment right now,” said Oren Klachkin, the lead economist for U.S. industry and regional research at Oxford Economics. “They want to ramp up investment because they want to meet that demand — and they have every reason to invest.” Jeff Somple, the president of Mack […]
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G.D.P. Report Shows Inflation Bite in Economy
Here’s a notable fact about the U.S. economic recovery: Inflation-adjusted output last quarter was just 1 percent below where it would have been if the pandemic had never happened. Here’s another one: Ignoring inflation, output is 1.7 percent above where it would have been absent the coronavirus. Those two facts help explain the confusing, contradictory […]
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