GDP

US Economy May Grow Only 2.1% Next Year

The International Monetary Fund has issued its updated World Economic Growth Outlook. In the document, the organization downgraded its global growth forecast to 3.4% gross domestic product expansion. That is ...
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China’s GDP Growth Near Record Low

China reported Friday that the country's gross domestic product growth for the third quarter of the year was 6%. Not since the first quarter of 1992, the first quarter for ...
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NY Fed Shows Regional Services Business Leaders Turning Negative

The Federal Reserve Bank of New York has released a monthly Business Leaders Survey, which is a semi-live reading as the data is for October. This monthly Federal Reserve survey ...
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Weak Retail Sales Weigh on the Markets

In a sensitive economy in which growth is slowing enough that recession fears are high, every single economic report is given a very close look. Retail sales matter when it ...
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IMF 2019-2020 Outlook: Recession or Synchronized Slowdown?

The International Monetary Fund (IMF) has released an update to its latest World Economic Outlook with lower growth expected in 2019. What is interesting about the global outlook, despite all ...
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More Economists Now Expect Recession, Trade Uncertainties to Blame

U.S. economic growth in the fourth quarter is expected to be 2.2%, down from 2.5% in the fourth quarter of last year. Worse, in the fourth quarter of 2020, growth, ...
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Experts Expect GDP Growth to Drop to 1.8% Next Year

The forecasts of the National Association of Business Economists (NABE) are among the most closely followed among businesses and the press. The organization's new forecast puts gross domestic product (GDP) ...
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Bad Economic News Turns Into Good News, Interest Rate Cut Odds Looking Strong

Sometimes there is a situation where bad news is good news in the financial markets. After the first contraction was seen in manufacturing this week, it turns out that services ...
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Stock Market Struggles as Much Weaker Services Growth Piles on Manufacturing Contraction

The markets had tried to stage a recovery on Thursday, but after an 800-point drop in the Dow Jones industrial average in two days, more weak economic data quickly knocked ...
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ISM Manufacturing Data Sees Near-Decade Low for September

Two fresh readings have been seen for the U.S. manufacturing sector. One rose further into expansion and the more prominent index contracted further. The Markit PMI Manufacturing Index rose to ...
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Why 2% GDP Growth in Q3 Still Looks Likely, Despite Many Concerns

The week of September 28 was a very busy one in economic news. We had home sales, trade data, durable goods, consumer spending and even an upward revision to consumer ...
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Durable Goods and Personal Income and Spending Add Little for Q3 GDP Ambitions

Friday's flow of economic data included multiple views on the broad economy, and some data may have an impact on how third-quarter gross domestic product (GDP) estimates pan out. Some ...
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Q2 GDP Stays In Line

The Bureau of Economic Analysis reported on Thursday that the domestic economy grew at a rate of 2.0% (annual) in the second quarter of 2019. This is the final report ...
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High Oil Prices Could Tip Global Economy Into Recession

Many European nations have gross domestic product (GDP) growth rates that are the worst since the Great Recession. The region's largest economy, Germany, already may have tipped into negative growth. ...
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The Real Recession Odds: Perception Versus Reality

If Paul Revere were alive today, the financial media would have quoted him as saying, "A recession is coming! A recession is coming!" There is just one major problem. Not ...
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