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Jan 26 2024
The federal government’s debt grew more than twice the amount that the economy did in the fourth quarter of 2023, as measured by gross domestic product (GDP).
Real GDP showed above-trend growth in the fourth quarter of 2023, rising 3.3% year-over-year, equating to a $328.7 billion increase to the U.S. economy, according to the Bureau of Economic Analysis (BEA). In contrast, the federalThe Daily Caller
Oct 26 2023
U.S. consumers treated themselves this summer, scooping up concert tickets to likes of Taylor Swift and Beyonce, singing and dancing to sold-out shows, while also driving record numbers for U.S. air travel.
Gross domestic product (GDP), came in at 4.9%, way above the 4.3% to 4.5% estimates and more than double the second-quarter’s 2.1% read.
"It’s all the kind of revengeFox Business
Dec 27 2023
TOPEKA — Growth in the market value of goods and services produced in Kansas from July to September was tops in the nation and expanded by 9.7% during that three-month period, the federal Bureau of Economic Analysis reported. All 50 states and the District of Columbia increased real gross domestic product during the third quarter, but Kansas outpaced the rest of the country. By comparison, GDPKansas Reflector
Nov 29 2023
The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected business investment and stronger government spending, the Commerce Department reported Wednesday.
Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated at a 5.2% annualized pace, the department’sCNBC
Jul 27 2023
The U.S. economy grew at a rate of 2.4% in the second quarter of 2023, according to gross domestic product (GDP) statistics released by the Bureau of Economic Analysis (BEA) on Thursday morning.
Real GDP increased by 2.0% in the first quarter of 2022 after being revised up from an initial estimate of 1.1%, according to the BEA. Economists expected the GDP would be around 2% in theThe Daily Caller
Jul 27 2023
The U.S. economy grew at a 2.4% annual rate last quarter, remaining well clear of a recession despite higher rates
Economists surveyed by The Wall Street Journal had estimated gross domestic product grew at an annual rate of 2% in the second quarter.
Strong consumer spending—which accounts for about two-thirds of economic output—has been fueling the U.S. economy, amid easingWall Street Journal (News)
May 26 2022
The U.S. economy contracted 1.5% on an annualized basis in the first quarter of 2022, according to revised data released by the Bureau of Economic Analysis on Thursday. Economists surveyed by Refinitiv were expecting a seasonally adjusted annual contraction of 1.3%.
The new downward revision for gross domestic product, the broadest measure of goods and services produced across theFox Business
Apr 27 2023
The U.S. economy is growing at a slower pace, newly released economic data shows. The Bureau of Economic Analysis released Gross Domestic Product Data Thursday that showed the size of the U.S. economy increased by 1.1% in the first quarter of 2023, more slowly than the previous quarter. “The increase in real GDP reflected increases in consumer spending, exports, federal government spending,The Michigan Star
Apr 27 2023
U.S. economic growth decelerated to a 1.1% annual rate in the first quarter as consumers faced high inflation, rising interest rates and the onset of banking problems.
The rise in U.S. gross domestic product in the first three months of the year marked a slowdown from inflation- and seasonally adjusted 2.6% growth in the fourth quarter, the Commerce Department said Thursday.Wall Street Journal (News)
May 14 2019
Tariffs imposed by the Trump administration have a small, negative impact on gross domestic product growth, according to economists, the Congressional Budget Office, the International Monetary Fund and the top White House economic adviser. That contradicts President Donald Trump’s repeated claim that the tariffs have boosted the GDP.
As the nonpartisan Congressional Research Service putFactCheck.org