GDP

As the stock market slumped and the government headed into a shutdown, American consumers pulled back on spending in December.

Third quarter U.S. gross domestic product (GDP) was slightly revised to 3.4 on Friday, the third estimate nearly unchanged from the 3.5 percent second estimate.

For the first time since the 2013 government shutdown, economic pessimists outnumber optimists.

The economic strength of the third quarter was confirmed by the government’s second estimate of growth.

Eurozone growth remains slow, and has performed worse than expected in the latest figures released Friday which saw the Euro currency stumble as slowing German exports were shown to be behind the European powerhouse’s first GDP contraction since 2015.

The UK has topped the list of the European Union’s ‘Big Four’ economies in third-quarter Gross Domestic Product (GDP) growth, while Germany’s economy shrunk in Q3.

The Republican National Committee announced six ways President Donald Trump has defeated the Democrat mobs with jobs for the American people.

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.

Hurricane Florence likely depressed sales in bars and restaurants while boosting auto sales.

The U.S. economy expanded at an annualized pace of 4.2 percent in the second quarter, the Commerce Department said Thursday.

Elaine Parker writes in Real Clear Policy about the policy avenues being pursued in the expanding economy to assure small businesses have competitive access to qualified, skilled workers to fill their growing needs.

President Donald Trump mocked an old quote from former President Barack Obama on Monday, joking that he must have found a “magic wand” for economic growth.

WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer spending.

The UK’s economy bounced back in the second quarter of the year, doubling from 0.2 percent to 0.4 percent growth, boosted by the good weather as salaries continue to rise with fewer EU migrants depressing wages.

They said it couldn’t be done. They mocked Trump for even trying. Now economists agree that we’re in a 3 percent growth economy.

For decades, the big business lobby, ideologically globalist politicians, and economists have claimed that the only route to increasing the United States’ Gross Domestic Product (GDP) is through increasing legal immigration levels. 

The data underlying the 4.1% second quarter GDP growth suggest the economy may be even stronger than it looks.

President Donald Trump celebrated the Q2 4.1 percent GDP news on the South Lawn of the White House on Friday, adding that trade deals coming in will push future GDP numbers higher.

U.S. GDP rocketed up to 4.1 percent in Q2, a rise far outpacing the Q1 2.2 percent. The rise is the fastest since 2014, according to reports.

A bigger pullback in consumer spending brought first-quarter economic growth down to just 2 percent. The good news? The economy appears to have accelerated by a lot in recent months.

The Finance Ministry of Slovakia reported this week that the nation’s economic growth will swell to nearly five percent next year as a result of increased automotive output, in one of Europe’s greatest economic success stories.

The American economy is accelerating while economies from Europe and Asia slow, casting doubt on claims that recent strength was due to “global” factors or that Trump trade policies would hurt the U.S.

The Atlanta Fed’s GDPNow forecasting model moved up on Thursday to indicate the economy growing at a 4.8 percent pace in the second quarter.

The GDPNow forecast has been climbing higher following the releases of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs report for May.

The American economy grew slightly less than initially estimated in the first three-months of 2018, the Commerce Department said Wednesday.

Hard to believe, but we’re almost halfway through the second quarter of the year. That’s the point where it makes sense to start checking in on where the regional Fed banks’ forecasting models see GDP growth for the quarter.

Friday on CNBC’s “Squawk Box,” network CME Group floor reporter Rick Santelli reacted the unveiling of the first quarter of 2018 gross domestic product number, which came in at 2.3 percent and beat expectations. “Holy cow, better than expected —

The U.S. economy slowed by less than expected in the first quarter, with gross domestic product expanding at a 2.3% pace.

The upward revision means the economy was much closer to the 3 percent growth targeted by the Trump administration. 

A lower than expected retail sales number Wednesday has many economists revising down their forecast of first quarter gross domestic product.