The Fed left its key interest rate target and bond buying program unchanged at the end of its two-day meeting Wednesday. But the projections of Fed officials show that they see more inflation and more growth by the end of the year than they did at the end of their March meeting.
The Bovespa Index, the Sao Paulo stock exchange, hit a record high for the third consecutive day on Tuesday on the news that Brazil’s GDP had increased by 1.2 percent in the first quarter of 2021 — a particularly stunning achievement given the severity of the Chinese coronavirus outbreak in the country.
Inflation was hotter and Americans spent more on consumer goods, homes, and imports in the first quarter compared with the prior estimates released last month, the Commerce Department said Thursday.
“A plurality of panelists, 42 percent, regards large fiscal programs as the biggest upside risk to the economy,” the National Association of Business Economists said.
The U.S. economy boomed in the first three months of 2021, as states eased restrictions on businesses and vaccinations left consumers and businesses more confident.
French economist Jacques Sapir has said that immigration is becoming increasingly costly to the French government’s budget, despite some positive effects on economic growth.
The economy grew faster at the end of Donald Trump’s presidency than was previously thought.
The Atlanta Fed’s real-time GDP estimate jumped to 10 percent on Monday following better than expected data on manufacturing and construction spending.
The U.S. economy has proved much more resilient than forecasters expected.
The Fed’s new projections indicate that the central bankers underestimated how quickly the economy would recover in the second half of this year.
“The prelude of an Asian Era has begun,” China’s state-run Global Times declared on Monday, citing data indicating that Asia will “contribute roughly 60 percent of global growth” by 2030.
Democrat presidential hopeful Sen. Kamala Harris (D-CA) compared the number of American lives lost to COVID-19 to that of the American lives lost during WWII.
President Donald Trump and first lady Melania Trump traveled to their home state of Florida on Thursday to participate in a presidential campaign rally, where attendees broke out into a chant of “Where is Hunter [Biden]?”
The U.S. economy experienced a record-breaking expansion after the lockdowns.
Democrat presidential candidate Joe Biden’s plan for more immigration to the United States and more free trade will boost the nation’s Gross Domestic Product (GDP), economists with Moody’s Analytics say.
A report on New Zealand’s Gross Domestic Product (GDP) revealed on Thursday that the nation has slipped into its first recession in ten years, thanks to economic damage from the Wuhan coronavirus.
Back in June the Fed’s median forecast was for the economy to shrink 6.5 percent. Now it sees only a 3.7 percent contraction.
Economists have been furiously upgrading their forecasts as more and more evidence shows the rebound has more steam than they thought.
Another fake news anchor who cannot keep the facts straight on economic growth in the age of coronavirus.
MSNBC anchor Brian Williams bungled the math on GDP on Thursday night.
Former Vice President Joe Biden said Thursday that the U.S. economy needed “concerned, thoughtful, and sustained leadership” — though he did not explain what, exactly, that meant.
The German economy suffered a record-breaking economic contraction in the second quarter as measures intended to stymie the coronavirus pandemic shuttered businesses and required consumers to stay home. The economy shrank at an annualized rate of 34.7 percent in the
Compared with a year ago, economic output was 9.2 percent lower, the steepest decline on record.
Terrifying annualized figures risk producing an exaggerated view of the economic toll of the coronavirus.
The economic contraction that began in March was even more severe than initially reported.
Economists have downgraded their expectations for the current quarter but expect stronger growth in the third quarter
The first quarter of the year saw a 2 per cent fall in GDP in the UK, the worst fall since the final quarter of 2008.
The coronavirus had an deeper impact on the economy than expected
Kevin Hassett, senior adviser to President Donald Trump and former White House Council of Economic Advisers chairman, said Monday that the United States’ second-quarter GDP could experience one the largest drops since the Great Depression due to the Chinese coronavirus pandemic.
Lifting the shutdown orders did not set the Chinese economy off to the races. Instead, activity appears to be crawling back toward growth
