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 ...
Jobs growth slowed markedly in April and wage pressures eased. That's just the sort of bad-news-is-good news labor data the Federal Reserve wants to see if it's to begin cutting interest sometime ...
The Dutch economy contracted by 0.1 % in the first quarter of 2024 thanks to an acceleration in the reduction of inventories, ...
Mark Cuban Defends Biden's Economic Record, Blames Trump For Underperforming 'Obama Economy He Inherited' Economics can be defined as the social science concerned with the production, distribution ...
The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a ...
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 ...
This week's figures show an economy that is still struggling to shrug off the impact of the various shocks of the past few ...
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 ...