The news about China’s economy over the past few weeks has been daunting, to put it mildly.The country’s growth has fallen from its usual brisk 8 percent annual pace to […]
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Back to news homeEurope’s Economy Expanded in Spring, and Inflation Has Eased
Economic Growth: The euro area expands, but the gains are uneven.Gross domestic product in the eurozone grew 0.3 percent in the second quarter of 2023, a stronger result than predicted […]
GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
Inflation has also slowed significantly. Consumer prices rose at a 2.6 percent rate in the second quarter, down from 4.1 percent in the first quarter and from more than 7 […]
China’s Second-Quarter G.D.P. Shows Post-Covid Rebound Faltered
Because of the huge impact of the closure of Shanghai, which has 25 million people, comparing this spring and last spring provides “a misleading picture of China’s economic performance,” said […]
U.K. Economy Continues to Grow Slowly
Why It MattersThe small expansion has cemented the improved outlook for Britain’s economy. Late last year, there were fears of a recession, but since then, wholesale gas prices have fallen […]
The Eurozone Economy Shows Signs of Modest Growth
Why It Matters: The eurozone economy has regained its footing — for now.Just a few months ago, governments across Europe were braced for the possibility of an outright downturn, as […]
GDP Report: US Economy Grew at 1.1% Rate in Q1
Higher interest rates took a toll on the U.S. economy in early 2023, but free-spending consumers are keeping a recession at bay, at least for now.Gross domestic product, adjusted for […]
U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
“Resilience is a good thing in many ways, but it’s also something that makes things harder for the Federal Reserve and it hardens their resolve,” said Diane Swonk, chief economist […]
The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
Real gross domestic product Quarterly change at annual rates, adjusted for inflation 4th. qtr. 2022: Real gross domestic product Quarterly change at annual rates, adjusted for inflation 4th. qtr. 2022: […]
China’s Economy Stumbled Last Year With Covid Lockdowns Hobbling Growth
The Chinese economy had one of its worst performances in decades last year as growth was dragged down by numerous Covid lockdowns followed by a deadly outbreak in December that […]