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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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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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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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.
Read moreThe 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.
Read moreThe American economy slowed considerably from April to June, but still beat expectations as the Federal Reserve looks ready to slash interest rates next week.
Read more(CN) – The American economy grew at a 3.1% rate in the first three months of the year, down slightly
Read moreThe 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.
Read moreThe 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.
Read moreCalifornia 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.
Read moreThe 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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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.
Read moreThe 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.
Read moreThe 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.
Read moreThe 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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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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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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