gdp

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 …

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 …

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 …

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, …

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 …

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 …

White House economists say they believe the third quarter of 2020 will be the best in US history — channeling new optimism as states reopen following coronavirus lockdowns. Kevin Hassett, a senior adviser to President Trump, told reporters on Friday that he expects US GDP to drop by about 40 percent in the second quarter …

The US trade deficit rose in March as the coronavirus outbreak battered America’s trade with the world. The Commerce Department reported Tuesday that the gap between what the US sells and what it buys abroad widened 11.6 percent in March, to $44.4 billion, from $39.8 billion in February. US exports fell 9.6 percent, to $187.7 …

New orders for US-made goods suffered a record decline in March and could sink further as disruptions from the novel coronavirus fracture supply chains and depress exports. The report from the Commerce Department on Monday was the latest in a series of increasingly bleak economic data. It also bolstered analysts’ views that the economy would …

The US economy suffered its fastest contraction since the Great Recession as the coronavirus crisis put the country under lockdown, new federal data show. The nation’s gross domestic product — the value of all goods and services produced here — decreased by an annual rate of 4.8 percent in the first three months of the …