GDP

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GDP Revision Lower but Still Better Than Expected

The U.S. Commerce Department has released the preliminary reading for real gross domestic product (GDP) growth in the fourth quarter of 2014 at a seasonally adjusted annual rate of 2.2%. This ...
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Smokestacks

Finally, a Good Durable Goods Report

The U.S. Commerce Department has released its durable goods reading for the month of January. While this number is highly volatile, despite the direction of the economy, the headline number ...
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Maersk container ship

Moody’s: Low Oil Prices Will Not Help Global Growth

A drop in crude prices will not help global growth. So says Moody's Investor Services. The research firm's analysts claim the reason is simple: too much of the world's economy is ...
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Hire Me!

Unemployment Still Far From 5% Recovery Level

Unemployment may tick down to 5.5% for January. While the figure is worth a cheer, it remains far from the less than 5% number that signals a full recovery. The ...
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EU flag

Can You Trust the New Higher Growth Forecasts in Europe?

What does a massive round of quantitative easing in Europe, an environment of deflationary pressures and a testing of negative interest rates tell you? It spells an economy in trouble. ...
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Euro

Euro Area Economy Expected to Grow 1.3% in 2015

The European Commission (EC) has gone out on a limb. Its Winter Economic Forecast has put improvement of gross domestic product (GDP) at 1.3% for the euro area in 2015 and 1.9% ...
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Spain

Hope for Turnaround in Europe

Research firm Markit announced that the eurozone Purchasing Managers' Index (PMI) reached 52.6 for January, better than forecast and better than the preliminary flash figure of 52.2. The new figure offered ...
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flag of China

China PMI Contracts in January

Showing just how much the Chinese economy has slowed, its PMI (purchasing manufacturers index) contracted in January. The measurement at 49.8 was released by the National Bureau of Statistics of ...
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Smokestacks

Disappointing Q4 GDP: The Taming of Growth

The U.S. Commerce Department has released its preliminary reading on fourth-quarter gross domestic product (GDP). Though the number is lower than the firm's growth figure of 5.0% for the third ...
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Oil Tanker

10 Huge Countries Without Their Own Oil

The world’s 1.635 trillion barrels of proved oil reserves are not evenly distributed among the globe’s 216 nations. Just three -- Saudi Arabia, Venezuela and Canada -- account for nearly ...
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Railroad Oil Tank Cars

Some of North Dakota’s 473,400 Jobs at Risk

North Dakota had 473,400 people who were employed in November. That was 21,800 people more than the same month a year ago. North Dakota also had the nation's lowest unemployment ...
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North Korea One of World’s Smallest Economies

Among all the discussions of North Korea as a cyber-threat and a military threat to Southeast Asia, it is worth remembering that it has one of the smallest economies in ...
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worker using torch cutter to cut through metal

GDP Revision Hits Decade High

The U.S. Commerce Department has released its revised reading on gross domestic product (GDP) for the third quarter of 2014. In a nutshell, this revised report blew the doors off ...
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Federal Reserve

Federal Reserve Stays Dovish in Last FOMC Meeting Ahead of 2015

Wednesday marked the last Federal Reserve meeting for the year 2014. The big question was whether Janet Yellen and fellow members of the Fed would leave in the "considerable period" ...
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Will Winter Hurt GDP Recovery?

On occasion, some set of experts will revise U.S. GDP forecasts downward. While American consumer spending remains strong, weak economies overseas may lose some of their need for U.S. exports. ...
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