• US GDP jumps 7.4 percent in third quarter, a record-setting rebound

    US GDP jumps 7.4 percent in third quarter, a record-setting rebound

    The US economy staged a record-setting rebound from a bad case of the coronavirus in the third quarter — but the nation has yet to shake all of its symptoms.America’s gross domestic product —
  • Economy Grows at Record Pace in Third Quarter, Remains Below Pre-Pandemic Levels | National Review

    Economy Grows at Record Pace in Third Quarter, Remains Below Pre-Pandemic Levels | National Review

    GDP increased by an annualized rate of 33.1 percent during the third quarter, the Commerce Department reported Thursday.
  • Economic damage from coronavirus may not be as bad as expected

    Economic damage from coronavirus may not be as bad as expected

    The coronavirus pandemic may not damage the global economy as badly as previously feared, an influential group says. The Organization for Economic Cooperation and Development said Wednesday that it now expects worldwide gross domestic product — a key measure of economic health — to drop by 4.5 percent this year, down from its June forecast …
  • Japan’s Economy Shrinks at a Record 7.8 Percent

    Japan’s Economy Shrinks at a Record 7.8 Percent

    Japan on Monday reported its worst drop in GDP on record, with its economy shrinking a record 7.8% from April to June as the coronavirus pandemic severely slowed economic activity in the country. The decrease translates to an annual rate of decline of 27.8%, the worst quarter the world’s third largest economy has recorded since …
  • CNN, MSNBC Anchors Cite Misleading GDP Numbers to Make Disastrous Economic Performance Seem Even Worse

    CNN, MSNBC Anchors Cite Misleading GDP Numbers to Make Disastrous Economic Performance Seem Even Worse

    Following news that the United States had suffered its worst-ever GDP contraction amid the coronavirus pandemic, both MSNBC anchor Brian Williams and CNN anchor Chris Cuomo incorrectly characterized the numbers as they took the opportunity to criticize President Trump. The Commerce Department said Thursday that national gross domestic product fell 9.5 percent from April through …
  • GDP Falls by 9.5 Percent in Second Quarter in Largest Contraction on Record

    GDP Falls by 9.5 Percent in Second Quarter in Largest Contraction on Record

    The U.S. economy suffered its largest contraction on record in the second quarter as the country suffered in the throes of the coronavirus pandemic and states issued lockdown orders, ordering Americans to stay home and businesses to close. Gross domestic product fell 9.5 percent from April through June, the Commerce Department said Thursday, the largest …
  • US suffers economic blow as GDP sinks by annual rate of 32.9 percent

    US suffers economic blow as GDP sinks by annual rate of 32.9 percent

    The US economy suffered its worst blow since the Great Depression in the second quarter as the coronavirus crisis brought the country to a standstill, the feds said Thursday. The nation’s gross domestic product — the value of all goods and services produced here — plunged by an annual rate of 32.9 percent from April …
  • US economy shrank 5 percent in first quarter, more bad news ahead

    US economy shrank 5 percent in first quarter, more bad news ahead

    The US economy shrank at a 5 percent rate in the first quarter and a vastly worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the US. The Commerce Department reported Thursday that the decline in the gross domestic product, the total output of goods and services, …
  • Feds expect coronavirus to drain trillions from US economy

    Feds expect coronavirus to drain trillions from US economy

    The feds expect the coronavirus crisis to drain trillions of dollars from the US economy over the next decade, in the latest sign of the pandemic’s economic devastation. The crisis will lead to a $15.7 trillion reduction in the nation’s gross domestic product — the value of all goods and services produced here — from …
  • 18 Facts on the US National Debt That Are Almost Too Hard to Believe

    18 Facts on the US National Debt That Are Almost Too Hard to Believe

    There is hesitation among the political class as to what must be done to pay down and eliminate this debt. At around $22.5 trillion, the United States national debt sits at 106 percent of Gross Domestic Product (GDP). There is no disputing that this gigantic debt will someday become due and payable. However, there is …