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Gross Domestic Product

Business Economy National 

Economy Shrank by 3.5% in 2020, but Rebounded in Final Months

January 28, 2021January 28, 2021 KEVIN LESSMILLER
Commerce Department, coronavirus, Gross Domestic Product, U.S. Economy

The U.S. economic shrank last year by the largest amount since World War II, but 4% growth in the fourth quarter leaves some hope for a strong recovery in 2021.

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Business Economy National 

Economic Growth Hit Record 33% Annual Rate in Third Quarter

October 29, 2020October 29, 2020 KEVIN LESSMILLER
Commerce Department, coronavirus, Gross Domestic Product, U.S. Economy

The U.S. economy grew by a record 33.1% annual rate in the third quarter, but there is still a long way to go before it is fully healed from the damage inflicted by the coronavirus pandemic.

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Business Economy National 

Economic Growth Dropped by Record 33% in Second Quarter

July 30, 2020July 30, 2020 KEVIN LESSMILLER
Commerce Department, consumer spending, coronavirus, Gross Domestic Product, U.S. Economy

The U.S. economy shrank at a record 32.9% annual rate in second quarter of the year, an astonishing plunge triggered by the coronavirus pandemic that has been ravaging the economy for nearly six months.

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Business Economy Government National 

Economic Growth Fell by 4.8% in First Quarter

April 29, 2020April 30, 2020 KEVIN LESSMILLER
consumer spending, coronavirus, Gross Domestic Product, U.S. Economy

The U.S. economy shrank at a rate of 4.8% in the first three months of 2020, and the second quarter is expected to be even worse as the coronavirus pandemic continues to ravage the U.S. economy.

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Economy Government National 

White House Touts Economic Growth, Downplays Obama Policies

February 20, 2020 ERIKA WILLIAMS
Gross Domestic Product, Obama administration, Trump administration, U.S. Economy, Unemployment

The White House touted what it called unexpected economic growth in a new report Thursday, as officials brushed aside the idea that the Obama administration should be given credit for the longest expansion on record.

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Economy Government National 

Economic Growth Dropped to Three-Year Low in 2019

January 30, 2020January 30, 2020 KEVIN LESSMILLER
consumer spending, Gross Domestic Product, investments, Trade, Trump administration, U.S. Economy

The U.S. economy grew at a rate of 2.1% in the last three months of 2019, while growth for the whole year fell to the lowest level since 2016.

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Economy Government National 

Economic Growth Fell to 1.9% in Third Quarter

October 30, 2019 KEVIN LESSMILLER
consumer spending, Federal Reserve, Gross Domestic Product, investments, Trade, Trump administration, U.S. Economy

The U.S. economy slowed slightly from July to September and grew at a 1.9% rate, as business investments continued to fall and consumer spending fell behind the previous quarter.  

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Economy Government National 

Economic Growth Slowed to 2.1% in Second Quarter

July 26, 2019July 26, 2019 KEVIN LESSMILLER
China, Federal Reserve, Gross Domestic Product, Trump administration, U.S. Economy

The American economy slowed considerably from April to June, but still beat expectations as the Federal Reserve looks ready to slash interest rates next week.

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Economy Government National 

Economic Growth Revised Down Slightly for First Quarter

May 30, 2019May 30, 2019 KEVIN LESSMILLER
Gross Domestic Product, Trump administration, U.S. Economy

(CN) – The American economy grew at a 3.1% rate in the first three months of the year, down slightly

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Business Consumers Economy Government National 

Economic Growth Slowed to 3.5 Percent in Third Quarter

October 26, 2018 DAN MCCUE
Gross Domestic Product, U.S. Economy

The U.S. economy grew at an estimated annual rate of 3.5 percent in the third quarter, down from a robust 4.2 percent rate it saw in April through June, the Commerce Department said Friday.

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Economy Government International 

US Economy Grew at a Robust 4.2 Percent Rate During 2nd Quarter

September 27, 2018 DAN MCCUE
Gross Domestic Product, U.S. Economy

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, the Commerce Department said Thursday.

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Economy International Regional 

California Passes UK to Become World’s 5th Largest Economy

May 4, 2018 NATHAN SOLIS
California, Gross Domestic Product, United Kingdom

California surpassed the United Kingdom to become the fifth largest economy in the world in 2017 with a gross domestic product of $2.7 trillion, according to new federal data released Friday.

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Business Consumers Economy Government National 

U.S. Economic Growth Revised Up for Fourth Quarter

March 28, 2018March 28, 2018 DAN MCCUE
Gross Domestic Product, U.S. Economy

The U.S. economy grew at a faster pace that originally estimated in the fourth quarter of 2017, thanks to a revised analysis of consumer spending and a smaller drag from inventories, the Commerce Department said Wednesday.

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Economy Government National Politics 

Economy Grew at 3 Percent Rate in July-September Quarter

October 27, 2017October 30, 2017 DAN MCCUE
Gross Domestic Product, U.S. Economy

The U.S. economy grew at an annual rate of 3 percent in the third quarter, the Commerce Department said Friday, marking the first time in three years that growth has reached or bettered the 3 percent milestone for two consecutive quarters.

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Business Consumers Economy Government National 

Gross National Product Topped 3.1 Percent in Second Quarter

September 28, 2017September 28, 2017 DAN MCCUE
Gross Domestic Product, U.S. Economy

The U.S. economy grew at an annual rate of 3.1 percent in the spring, the fastest pace in more than two years, the Commerce Department said Thursday.

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Economy Government National Politics 

Economic Growth Reached 3 Percent in Second Quarter Rebound

August 30, 2017 DAN MCCUE
Gross Domestic Product, U.S. Economy

The U.S. economy grew at an annual rate of 3 percent during the second quarter, the fastest pace in more than two years, the Commerce Department reported Wednesday.

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Economy Government National Politics 

US Economy Limped Through the First Quarter, Report Says

May 26, 2017May 30, 2017 DAN MCCUE
Gross Domestic Product, U.S. Economy

The nation’s gross domestic product, the broadcast gauge of US economic might, grew at a sluggish 1.2 percent rate in the first quarter of the year, far below President Donald Trump’s growth targets.

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Business Consumers Economy Government National Politics 

Gross Domestic Product Growth Weakened in 4th Quarter

February 28, 2017February 28, 2017 DAN MCCUE
Commerce Department, Gross Domestic Product

The U.S. economy grew at a weak 1.9 percent rate in the fourth quarter — a significant slowdown from the 3.5 percent growth achieved just a quarter earlier. The Commerce Department on Tuesday attributed the deceleration in real GDP to a downturn in exports, among other factors.

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Business Economy Government National 

Economic Growth Slowed to 1.9 Percent in Fourth Quarter

January 27, 2017August 9, 2017 DAN MCCUE
Commerce Department, Gross Domestic Product, U.S. Economy

U.S. economic growth slowed during the final three months of 2016, closing out a moribund year dominated by a chaotic presidential contest and uncertainty over Britain’s departure from the European Union.

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