Economy Shrank by 3.5% in 2020, but Rebounded in Final Months
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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Gross Domestic Product
Economic Growth Hit Record 33% Annual Rate in Third Quarter
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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Economic Growth Dropped by Record 33% in Second Quarter
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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Economic Growth Fell by 4.8% in First Quarter
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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White House Touts Economic Growth, Downplays Obama Policies
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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Economic Growth Dropped to Three-Year Low in 2019
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 moreEconomic Growth Fell to 1.9% in Third Quarter
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.
Read moreEconomic Growth Slowed to 2.1% in Second Quarter
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.
Read moreEconomic Growth Revised Down Slightly for First Quarter
(CN) – The American economy grew at a 3.1% rate in the first three months of the year, down slightly
Read moreEconomic Growth Slowed to 3.5 Percent in Third Quarter
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.
Read moreUS Economy Grew at a Robust 4.2 Percent Rate During 2nd Quarter
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.
Read moreCalifornia Passes UK to Become World’s 5th Largest Economy
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.
Read moreU.S. Economic Growth Revised Up for Fourth Quarter
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 Grew at 3 Percent Rate in July-September Quarter
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 moreGross National Product Topped 3.1 Percent in Second Quarter
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.
Read moreEconomic Growth Reached 3 Percent in Second Quarter Rebound
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.
Read moreUS Economy Limped Through the First Quarter, Report Says
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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Gross Domestic Product Growth Weakened in 4th Quarter
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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Economic Growth Slowed to 1.9 Percent in Fourth Quarter
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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