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Stories Tagged as

GDP

Strong consumer spending continues to bolster GDP

by Kristin Schwab
Oct 30, 2024
GDP grew at a healthy 2.8% pace. Current spending levels may provide a welcome "not too hot, not too cold" scenario for the Federal Reserve.
Consumer spending may be at a level that balances a healthy job market with stable prices.
Mandel Ngan/AFP via Getty Images
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How rich is the U.S.? Both GDP and GNP help answer that.

by Stephanie Hughes
Sep 4, 2024
Each measure looks at economic productivity. One focuses on who does it, and the other on where it happens.
GDP looks at production that happens within U.S. borders — no matter who does it. GNP looks at economic production by U.S. residents — no matter where they are.
Joe Raedle/Getty Images
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Businesses' investment in new equipment helped boost GDP

by Mitchell Hartman
Aug 29, 2024
The real gross domestic product for the second quarter was even stronger than previously thought.
Businesses' investments in new equipment have helped fuel better-then-expected GDP growth.
Getty Images
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Latinas' contribution to GDP grew by half from 2010 to 2021

by Elizabeth Trovall
Aug 29, 2024
New research finds that Latinas accounted for $1.3 trillion in 2021, thanks largely to the daughters of immigrants.
Latinas accounted for 30% of the growth in the labor force from 2010 to 2021. But they are still overrepresented in certain low-wage jobs.
Leo Patrizi/Getty Images
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Consumers just keep spending, fueling GDP growth

by Kristin Schwab
Jul 25, 2024
Second quarter gross domestic product growth was 2.8%. That’s double the GDP growth in the first quarter of the year.
What really drives GDP, especially the acceleration in the past few months, is consumers.
Brandon Bell/Getty Images
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How a slowing GDP might be good news for the economy

by Mitchell Hartman
Jul 24, 2024
The Federal Reserve will be looking for signs that the economy is slowing in a manageable way so that it can cut interest rates.
“Sometimes, bad news is good news," says Paul Christopher at the Wells Fargo Investment Institute. "And right now, a slowing economy is that bad news that’s really good news."
Spencer Platt/Getty Images
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Business investment, part of GDP, reflects the level of optimism

by Daniel Ackerman
Jul 22, 2024
Whether it’s new machines for a factory or better software to manage payments, companies spend because they see opportunities.
Businesses invest in growth because they see opportunities for profit.
Mario Tama/Getty Images
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China's consumers cautious about economy as top officials meet

by Jennifer Pak and Charles Zhang
Jul 15, 2024
Growth is being held back by weak domestic demand and a real estate crisis.
Customers are sparse at a newly opened coffee shop in central Shanghai.
Charles Zhang/Marketplace
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How trade-oriented is the U.S. economy?

by Maria Hollenhorst
Jul 10, 2024
Compared to many other countries, the U.S. trade-to-GDP ratio is below the global average. But the explanation is complicated.
The U.S. imports and exports hundreds of billions of dollars' worth of goods and services ever year, but international trade accounts for a relatively low percentage of GDP.
Mark Ralston/AFP via Getty Images
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Breaking down Fed Chair Jay Powell's latest GDP report analysis

by Mitchell Hartman
Jun 27, 2024
Powell is paying close attention to "final sales," a narrower measure than GDP itself that focuses on private sector demand.
Fed Chair Jerome Powell is taking aim at final sales following the latest GDP report.
Kevin Dietsch/Getty Images
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