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Third-quarter US real GDP increased at an annualized rate of 2.8%. Though slightly below forecasts, the reading still points to a strong economy and isn't likely to ramp up the urgency on the part ...
Gross domestic product increased at an unrevised 2.1% annualized rate last quarter, the government said in its third estimate of GDP for the April-June period. That was in line with economists ...
Data from the Commerce Department early Thursday showed GDP fell at an annualized rate of 0.9% last quarter, after U.S. economic activity unexpectedly fell 1.6% in Q1. Two straight negative GDP ...
The Bureau of Economic Analysis's advance estimate of second quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, well above the 2% ...
U.S. GDP grew 2.9% annual rate in the final quarter of 2022, ... Sales of new homes rose 2.3% last month to a seasonally adjusted annual rate of 616,000, ... The Today Show
Social distancing measures which took effect in March 2020, and which negatively impacted the demand for goods and services, resulted in the US GDP declining at a 4.8% annualized rate in the first quarter, the steepest pace of contraction in output since the fourth quarter of 2008. [118] US retails sales dropped a record 8.7% in March alone.
Economists had estimated the reading to show annualized growth of 2.9%. The third estimate for second quarter GDP confirms that economic growth was higher than the 1.4% annualized growth seen in ...
The quarter in which a new president takes office is attributed to the incoming president. The computation is (GDP2/ GDP1)^(4/N) -1, where: GDP2 is the GDP for the president's last full quarter in office; GDP1 is the GDP for the last full quarter of the previous president; and N is the number of quarters the president was in office.