economic growth news stories on Newser

If Payroll Tax Cuts Expire, Here's What Happens...

Kate Schwartz — Thu, 22 Dec 2011 09:30:00 CST

We know the "what": The payroll tax cut is set to expire within days, meaning changes to jobless benefits and doctors who treat Medicare patients will kick in, and the average American will miss out on $40 a paycheck . The Washington Post explores the "what does it mean" side of...

Economy Surges, But Trouble Looms

Mark Russell — Thu, 22 Dec 2011 07:58:07 CST

Surging economic data, such as new construction, small business confidence, and initial jobless benefit claims, show the American economy is growing at the fastest clip since the recession started—at 3.7% annualized in the fourth quarter, that's four times faster than it was growing at the start of 2011....

Recession Worse Than Thought; GDP Growth Weak

Matt Cantor — Fri, 29 Jul 2011 11:00:05 CDT

We already knew the Great Recession was the worst in decades, but in fact we were even worse off than we thought, new figures show. The economy shrank 5.1% over the course of the recession, from 2007 to 2009—1 percentage point worse than the earlier estimate of 4....

GDP Grows 2% in Q3

Fri, 29 Oct 2010 08:54:00 CDT

The economy grew slightly faster over the summer as Americans spent a little more freely: The GDP grew at a 2% rate during the third quarter, in line with what economists had forecast. It marks a slight improvement over last quarter, when the GDP grew at a 1.7% rate....

Asian Billionaires Storm Forbes Richest List

Harry Kimball — Fri, 12 Mar 2010 09:45:17 CST

Asian magnates are the huge scorers in the annual Forbes list of the world’s billionaires, with 234 making the cut this year, compared to 130 last year. That's 23% of the 1,011 people worldwide on the list, up from 16%. And Asia is minting new billionaires like mad: Last...

Economy Growing at Fastest Pace Since 2003

Fri, 29 Jan 2010 08:38:09 CST

The US economy grew for a second straight quarter from October through December, posting a better-than-expected 5.7% annual rate—the fastest quarterly pace since 2003. The Commerce Department report is the strongest evidence to date that the worst recession since the 1930s ended last year, though an academic panel...

Economy Grows in Q3, Signals End of Recession

Thu, 29 Oct 2009 07:55:07 CDT

The economy grew at a 3.5% pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. The Commerce Department's report today delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the...

In Recovery, Business Will Profit at Workers' Expense

Rob Quinn — Sat, 05 Sep 2009 09:18:11 CDT

The economy is slowly improving, but companies will see the benefits long before the unemployed and underemployed will, Bloomberg reports. A Department of Labor report released yesterday found that the average workweek is at a near-record low of 33.1 hours. The lack of uptick in part-time hours is an...

Hong Kong, Singapore Emerge From Recession

Jason Farago — Fri, 14 Aug 2009 05:39:27 CDT

Hong Kong emerged from the recession with a bang last quarter, posting better-than-expected growth of 3.3% from April to June. The Chinese territory suffered four quarters of contraction but came out of the red thanks to a pickup in exports and increased private consumption. Singapore also blasted out of...