Nevertheless, a more detailed analysis would show a much weaker economy than what the headline number suggested. Household consumption, which accounts for 75 percent of GDP, grew by only 4.6 percent.
The US economy is giving off weird vibes right now.
Rutger Hoekstra is an ecological economist at the Institute of Environmental Sciences, Leiden University, the Netherlands. He is the author of Replacing GDP by 2030 and coordinator of WISE ...
With the US obesity rate hovering at around 40%, tens of millions of Americans could take GLP-1 drugs over the next few years ...
The Dutch economy contracted by 0.1 % in the first quarter of 2024 thanks to an acceleration in the reduction of inventories, ...
The April Consumer Price Index (CPI) showed that inflation moderated last month, but a data-dependent Federal Reserve will ...
The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a ...
The first-quarter GDP report showed so much deceleration and missed estimates by such a wide margin that stagflation fears are increasingly creeping into Wall Street chatter. But the headline ...
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. The 2024 stock market rally has run out of steam as ...
With the Bank of Canada and Bay Street economists expecting economic growth to improve and normalize in 2025, investors are focusing on the speed and strength of the recovery. However, the latest ...
Last week, the government announced that gross domestic product (GDP) in the first quarter expanded by 5.7 percent. At first glance, growth seemed pretty good. Although it was below the consensus ...