GDP

Money

GDP Falls Short of Estimates as Savings, Exports, Business Spending Act as Drags

Friday's big report was the Bureau of Economic Analysis (BEA) release of gross domestic product (GDP) for the fourth quarter of 2015. This was the first look at GDP and ...
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Corruption

The Most Corrupt Countries in the World

No country is free of corruption. It is a severe problem in more than two-thirds of countries globally, some of which are major global economic powers, according to Transparency International’s ...
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burning cash

CBO Outlook Targets First Higher Budget Deficit Since Recession

A better economy and offering more and more benefits to more and more people was supposed to engender a better government spending picture, wasn't it? The Congressional Budget Office (CBO) ...
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globe

Even Slower Global Growth Seen in 2016 IMF Outlook

Get ready for even slower global growth than you previously expected. That is the message from the International Monetary Fund (IMF) in its updated 2016 outlook released on Monday. To ...
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Shanghai

China Risks Trigger IMF Downgrade of Global GDP

The International Monetary Fund (IMF) has cut its forecasts for global gross domestic product improvement to 3.4% this year and 3.6% in 2017. The downgrade is largely due to a ...
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Money

US Workers to Get 3% Raise in 2016

U.S. workers can expect a 3% pay raise, at least according to the Hay Group 2016 Global Salary Forecast. American workers will do slightly better than those around the world, ...
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Boeing BBJ interior

Durable Goods Hang Tough

Economists and business owners alike have grown used to the notion that durable goods can be among the most volatile of all monthly economic readings. It turns out that durable ...
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Gross domestic product

Q3 GDP Revised Lower, but Not Enough to Matter

Third-quarter gross domestic product (GDP) may have been in line with estimates at 2.0%, but this is actually a revision from a prior 2.1% reading. This was the Bureau of ...
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ThinkstockPhotos-56402406

25 Best Countries to Live in the World

The development of a nation is often conflated with economic growth. However, while economic strength is certainly a country’s means of development, is it what ultimately determines how developed that ...
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ThinkstockPhotos-127058894

25 Worst Countries to Live in the World

The development of a nation is often conflated with economic growth. However, while economic strength is certainly a country’s means of development, is it what ultimately determines how developed that ...
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Smoggy Forbidden City

Air Pollution Shuts Down Beijing, Threatens Industry

Beijing has issued another warning that severe air pollution has hit a level at which industrial production may be cut and that will cause people to remain in their homes. ...
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yellow bungalow

Middle Class No Longer Majority, May Hurt GDP

The American middle class has lost its position as the financial majority, and its prospects are dropping quickly. The news cannot be good for the U.S. economy, which counts on ...
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Chemical plant

Durable Goods Look Quite Durable for October

Each report on Durable Goods feels like a bit of a wild card. After all, things like cars and planes and a whole host of other big-ticket capital goods are ...
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Gross domestic product

Positive Revision for Third Quarter GDP

The United States got some good news for the economic yardstick measurement for growth. Gross Domestic Product (GDP) was revised higher for the third quarter. The Department of Commerce and ...
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ThinkstockPhotos-185926162

US Economy to Grow at Fastest Pace in 10 Years

Despite the increased volatility and uncertainty seen in the markets in 2015, the United States is actually on track to do something it hasn’t done in a decade. According to ...
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