GDP news stories on Newser

Economy Shows Signs of Life: GDP Jumps 2.5%

Kevin Spak — Thu, 27 Oct 2011 09:13:30 CDT

The US’ total economic output shot up 2.5% from July through September, after two dismal quarters of rising just 0.4% and 1.3%, according to a new GDP report released today. Consumers amped up their spending on both durable goods and services, and business investments soared 16.3%—...

Next 12 Months: No Recession, but Slow Growth

Matt Cantor — Tue, 23 Aug 2011 14:55:05 CDT

Despite a bombardment of bad news in recent weeks, economists don’t expect another recession over the next 12 months—but economic growth will barely be perceptible in that period, an AP poll of top economists finds. They expect high unemployment and weak consumer spending to dog the US into next...

Brace Yourself for Even Worse 2nd Recession

Matt Cantor — Mon, 08 Aug 2011 08:33:05 CDT

Economists say we could be headed for a second recession—and if they’re right, it’s poised to be even more devastating than the first, writes Catherine Rampell in the New York Times . That’s because the starting point for the second dip would be our current weak economy, and this time,...

Crash May Have Been Worse Than Thought

John Johnson — Thu, 04 Aug 2011 12:57:00 CDT

Need a pick-me-up given today's depressing stock news ? Then be advised that Nate Silver's column in the New York Times is not for you. The stats guru plots GDP going back to 1877 and sees signs that our recent "economic crash was even worse than economists had previously believed...

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....

Sorry, Our Economic ‘Recovery’ Is Tanking

John Johnson — Thu, 28 Apr 2011 12:13:52 CDT

The general consensus these days is that the economy is enjoying a steady if unspectacular recovery, writes Henry Blodget at Business Insider . After all, stocks and corporate profits are up and the unemployment rate is down. In a column headlined "Don't Mean To Be Rude, But The Economy Sucks," Blodget...

Only 12% Chance We'll Return to Recession

Matt Cantor — Mon, 14 Feb 2011 08:39:06 CST

Economists are growing more optimistic about this year’s climate, predicting it will expand at its fastest pace since 2003, the Wall Street Journal reports. The paper polled 51 economists. Among the highlights: Economists see only a 12% risk of returning to recession, compared to 22% in September. In the 4th...

Economy Grew at 3.2% Rate in Q4

Matt Cantor — Fri, 28 Jan 2011 09:06:18 CST

Spurred by consumer spending and a shrinking trade deficit, the economy grew at a 3.2% annual rate in the fourth quarter. That beats the previous quarter's 2.6% but falls short of analysts' expectations of 3.5%. Still, "a number above 3% should drive a stake through the heart...

Economy Grew Modestly in 3rd Quarter

Wed, 22 Dec 2010 09:44:55 CST

The US economy grew at a moderate pace last summer, reflecting stronger spending by businesses to replenish stockpiles. More recent barometers suggest the economy is gaining momentum in the final months of the year. Gross domestic product increased at a 2.6% annual rate in the July-September quarter, the Commerce...