Home Tags Gross domestic product

Tag: gross domestic product

The Reflecting Pool which has been drained for maintenance is seen in front of the Washington Monument in Washington, DC on March 26, 2020.

Goldman Sachs slashes forecasts for next quarter, now sees 34% GDP contraction and 15% unemployment

"Sky-high jobless claims numbers" and the $2 trillion stimulus bill contributed to Goldman's forecast of "a deeper trough" and "a bigger rebound."

US economic growth could halve this year in even the softest coronavirus scenario, top research firm says

The Brookings Institution laid out three projections for a coronavirus pandemic, with the harshest estimating a $9 trillion hit to global growth.
Elizabeth Warren speaks at a campaign rally.

Elizabeth Warren just proposed a $400 billion stimulus package to fight the fast-spreading coronavirus. Here are the full details.

Warren is calling on Congress to take urgent action to limit the economic damage from the coronavirus, saying she's worried about "another crash."

GOLDMAN SACHS: Coronavirus fallout isn’t enough to slow global growth in 2020

Reduced exports to China and weaker spending by Chinese tourists will directly affect Thailand, Taiwan, and Korea in the first quarter, Goldman said.

China may cut its 2020 growth forecast amid coronavirus fallout, new report says

Officials may lower China's GDP estimate as part of a larger review of how the virus is affecting government plans, sources familiar told Bloomberg.
U.S. President Barack Obama meets with President-elect Donald Trump in the Oval Office of the White House in Washington November 10, 2016.

Trump boasts the US economy is the best it’s ever been under his watch. Here are 9 charts showing how it compares to the Obama and Bush presiden...

Trump touts his handling of the economy as the strongest indicator of his success, but a closer look reveals a mixed picture.

‘We’re riding a century-old measurement off a cliff’: Andrew Yang tears into GDP as an outdated metric for calculating economic grow...

"If these are your measurements, then you're going to think things are going in one direction, while your way of life disintegrates," Yang said.
FILE PHOTO: Steve Mnuchin Answers Questions from the Press

Treasury Secretary Mnuchin says Boeing’s 737 Max disaster could erase half a point from GDP this year — and economists fear worse

The Trump administration official still expects GDP to grow 2.5% through the year, while economists surveyed by Bloomberg project a 1.8% gain.

House Democrats want to completely overhaul how the US economy is measured — and it’s part of a bigger effort to tackle inequality

The bill calls for distributional data to be released with GDP updates, revealing which income groups reap the biggest benefits of economic growth.

The US economy slowed sharply in the second quarter as Trump’s trade war raged

Consumer spending at home partially offset weakness caused by global trade disputes that began more than a year ago.