The long-expected consumer pullback may finally be materializing

Nov 29, 2023
We spent more over the holiday, but we bought less — thanks to inflation.
While consumers spent a couple percent more this Black Friday weekend than last, they didn’t necessarily buy more.
Yuki Iwamura/AFP via Getty Images

GDP grew 4.9% in Q3, the highest since 2014. How'd we get here?

Oct 26, 2023
The answer will be pretty familiar: consumer spending, and lots of it.
A majority of GDP growth came from people splurging on concerts, restaurants and durable goods.
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The monumental task of measuring the GDP over and over again

Sep 28, 2023
The keepers of GDP continually update their calculations as more information becomes available.
Measuring the economy requires continually revising data as more data becomes available.
Stephane de Sakutin/AFP via Getty Images

The economy apparently shrank and grew at the same time

Sep 15, 2023
Depending on how you measure it, the economy either grew or shrank, according to BEA statistics.
Gross domestic product, or GDP, and gross domestic income, or GDI, are different ways to measure the economy.
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When it comes to measuring economic welfare, GDP doesn't cut it

Sep 1, 2023
Gross domestic product has been the standard measure for economic growth since 1944, but it doesn't measure the quality of life.
GDP has been a global standard for measuring economic growth since 1944, but it doesn't measure economic welfare.  
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Even as GDP growth cools, consumer spending is keeping the economy humming

Aug 30, 2023
Consumer spending, which accounts for most of GDP, grew more in the second quarter than initially reported.
"If the consumer is strong, you basically don't have to worry about much else," says Baird analyst Ross Mayfield.
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The Fed keeps trying to take away the punch bowl — but the economy parties on

Jul 27, 2023
Economists expected a downturn in economic growth from the first quarter’s 2% annual rate. Instead, growth accelerated to 2.4%.
The newest GDP report showed greater investment in auto and airplane factories, among other things.
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For public good, not for profit.

Is GDP still a useful gauge of China's economy?

Jul 17, 2023
There is a longstanding debate about whether the data is accurate. Some are skeptical of government officials' projections of 5% growth.
Crowds at Chengdu city's Taikoo Li commercial district. Chinese shoppers are consuming more, but not enough to offset weakness in the real estate sector and boost the sluggish economy. (Jennifer Pak/Marketplace)
Jennifer Pak/Marketplace

The debt limit deal would reduce government spending by about $1.5 trillion

May 31, 2023
Reduced government spending can have an impact on the broader economy. But economists say the effects will likely be limited.
"It does slow the economy, but not in a particularly meaningful way," said economics professor Justin Wolfers of the debit limit deal reached by House Speaker Kevin McCarthy and President Joe Biden.
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What does the decline in corporate profits say about the economy?

May 25, 2023
Profits fell for the second quarter in a row, partly due to Fed rate hikes. Whether it’s a good thing depends on your role in the economy.
Profits are falling, but the stock market is "not freaked out," says Bruce Sacerdote of Dartmouth.
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