GDP

Athens

Factory Activity in Greece Collapses

According to global economic research firm Markit, Greece can add to its debt problems the fact that its factory activity is contracting sharply, and it will continue to do so ...
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greek flag

Greek Youth Unemployment Rate Above 50%

Lost in the battle over Greek debt and austerity is the fact that unemployment among people under 25 remains over 50%. At 50.1% in February, the last available data, even ...
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States With the Fastest (and Slowest) Growing Economies

The U.S. economy grew 2.2% in 2014, largely on gains in the professional, scientific and technical services sector. Last year's growth was up from a 1.9% GDP growth rate in ...
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GDP graphic

The Trouble of Q1 GDP Being Revised Higher

The second, and supposedly final, revision to first-quarter gross domestic product (GDP) came in at -0.2%. This met the Bloomberg consensus estimate of -0.2%, and it was slightly better than ...
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Boeing 757

Durable Goods Weak in May — Until You Look at the Core Reading

Durable goods proved not to be all that durable for the U.S. economy in the month of May. The headline durable goods report was -1.8%, far worse than the consensus ...
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bear

Merrill Lynch Sees No Bear Market for Now but Trouble Brewing

Think about it. The S&P 500 is up over 200% since the lows in March of 2009. We have had near zero federal funds rates for more than five years. ...
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global economy

OECD Slashes Global Growth Forecast

In another sign that the largest engines of the world's economy have faltered, the Organization for Economic Cooperation and Development (OECD) has slashed its forecast for global gross domestic product (GDP) ...
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gold bars nuggets

Will Fear Drive Gold Prices Higher in June?

As of this writing, gold for August 2015 delivery is up nearly 0.6%. This is after gold closed the month of May with a 0.4% gain. The media are throwing ...
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German flag

Germany Signals Another Barrier to Global Growth

Germany is the fourth largest nation in the world, and the heart of Europe's economy. Concern about the future of its economy were posted in the latest version of economic ...
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Smokestacks

US GDP Growth Moves Toward Zero

A new Wall Street Journal poll of prominent economists revised their collective GDP growth estimate for the year from 2.7% to 2.2%. To some extent the worry about a slowdown ...
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Crumbling Greek flag with euro

Greece Plunges Back Into Recession

Eurostat released gross domestic product (GDP) figures by country for the first quarter. While the euro area and several countries did well, Greece moved back into a recession, highlighting how ...
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Ryanair Boeing 737

Q1 GDP Expectations to Be Made or Broken by Durable Goods

Friday's durable goods report from the U.S. Commerce Department likely will be the last big-ticket economic report that shapes next week's gross domestic product (GDP) report. After all, this is ...
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robots

Industrial Production and Capacity Utilization a Bad Omen for US GDP

The Federal Reserve has released its industrial production report for the month of March, and the figures are weak enough that they may act as a drag against some of ...
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GDP graphic

US to Be Largest Economy in 2030

At an estimated total of $24.8 trillion, the United States will remain the world’s largest economy in 2030, but China is closing the gap between first and second place. More ...
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global economy

A Worldwide Period of Low Growth Ahead — IMF

International Monetary Fund (IMF) experts have issued a report that forecasts low worldwide economic growth for several years ahead. Most of the reasons for this are not easily solved, if ...
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