GDP - Page 3

On Wednesday’s broadcast of CNN’s “At This Hour,” White House Council of Economic Advisers member Jared Bernstein stated that there were “quite positive” aspects to first quarter GDP even though growth was negative and there are “some real headwinds from

“The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one,” the IMF’s chief economist said.

On Monday’s “CNN Newsroom,” White House Council of Economic Advisers member Heather Boushey stated that while the White House is “looking for positive growth” in GDP, the “expectations are” that GDP growth in the second quarter of 2022 will “be

Bank of America now sees a recession as likely and necessary to bring inflation back down to tolerable levels.

There’s not much chance of it returning to positive territory this month, meaning a second consecutive quarterly economic contraction is likely.

South Korean President Yoon Suk-yeol held a fiscal strategy meeting at a university near Seoul on Thursday. Yoon said it was time to “wake up from the fantasy of fiscal universalism” and realize that unlimited government spending is not the way to nourish a healthy economy.

Consumer spending, manufacturing, and construction have all rolled over as inflation and interest rates drag down the economy.

Inflation was a much bigger drag on consumer spending than was thought.

Bank of America sees growth falling to near zero in the back half of next year and a 40 percent chance of a recession.

The latest reading raises the odds that we could have a second quarter of economic contraction.

The average wage for British workers is falling at the fastest rate on record, as inflation has wiped out gains in salary and bonuses.

Britain’s economy grew at the slowest pace in a year during the first quarter, raising concerns the country may be headed for a recession.

National Republican Senatorial Committee (NRSC) Chairman Sen. Rick Scott (R-FL) on Thursday said the American people are not buying President Biden’s “lies,” as the commander-in-chief blames everything but himself for the current state of affairs in the country.

A disaster start to Joe Biden’s second year in office.

CNBC’s Rick Santelli on Thursday reacted to the Burea of Economic Analysis reporting that Gross Domestic Product (GDP) decreased 1.4% in the first quarter of 2022 after being expected to grow 1.1%.

Far worse than expected.

A globalist climate change organization in the U.K. published an analyis that calls for rich countries to ditch fossil fuels by 2034.

OECD leading indicators point to slowdowns in Germany, China, U.K., and Italy.

Fourth quarter growth now looks weaker in light of new data on consumer spending and industrial production.

The U.S. trade deficit “mushroomed to a record in November” and will likely continue for the duration of the coronavirus pandemic. 

The surge in virus cases, stronger than expected inflation, and supply bottlenecks dragged the economy down to a much slower pace.

The third quarter was forecast to see strong growth and falling inflation. Instead, we got high inflation and the pace of economic growth crashed.

The latest sign that the economy is underperforming in the second half of Biden’s first year in office.

Fed officials now expect inflation to run at 4.2 percent this year, up from 3.4 percent at the June meeting.

Lots of inflation but not as much growth as expected.

Consumers are growing wary of high prices and snarled supply chains continue to drive up costs.

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.