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Tag: GDP

GDP Revised Down To A Slower 1.3% Growth Rate

The U.S. economy grew at a slower rate than previously thought in the first three months of the year, expanding at just a 1.3% annual rate, according to revised government data. The downward revision was mainly due to data showing that consumer spending growth was much slower than previously estimated. That was the slowest growth […]

Take the Government Out of GDP

Editors’ Note: a substantial portion of what Bidenonmics calls “growth”, is the growth of government, an unproductive part of the economy.  A better read on the economy can be had by removing government and seeing how the productive part of the economy is faring. The picture is not healthy as a combination of increased regulation […]

We Can Likely Be Fiscally Sustainable with ‘Higher Ratio of Debt to GDP’

In an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen said that even with a rate hike, interest rates are lower than they have been in decades, so “we can probably get out on a fiscally sustainable path.” Ta. [a] The debt-to-GDP ratio is slightly high. ” Yellen said President Joe Biden’s budget proposal […]

US first quarter GDP slows more than expected, but inflation keeps rising

The latest GDP statistics show that the economy remains strong, but growth is slowing. (iStock) US gross domestic product (GDP) fell faster than expected first quarterBut a key measure used by the Federal Reserve to measure inflation continued to rise, according to the Bureau of Economic Analysis (BEA). Real GDP grew at an annualized rate […]

GDP Growth Slows Much More Than Expected While Inflation Accelerates

The U.S. economy grew at just 1.6% annually and inflation soared in the first three months of this year, the government reported Thursday. Economists had expected gross domestic product (GDP) to grow at 2.5%. In the fourth quarter of 2023, the economy grew at an annual rate of 3.4%. Consumer spending was strong but weaker […]

Dow, stocks, GDP | Fox Business

Macro Mavens President Stephanie Pomboi is assessing market conditions, including whether the Fed will cut interest rates, the impact of lingering inflation, and the first-quarter GDP report. Stock investors went into selling mode after the U.S. economy posted subpar growth in the first quarter. The Dow Jones Industrial Average fell by triple digits, and the […]

Javier Milei Announces First GDP Surplus for Argentina Since 2008

Argentina’s President Javier Millay announced on Monday night that for the first time since 2008, Argentina recorded a surplus of 0.2% of gross domestic product (GDP) in the first quarter of this year. The president declared the achievement a “historic achievement on a world level.” Milay addressed the nation on national television alongside Economy Minister […]