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News Articles: GDP

A woman holds a pink signs that says, "save our lilves ... don't gut medicaid"

Tagged as: 

  • Health

Cuts to SNAP and Medicaid could cost Georgia jobs and shrink the state's GDP, a new report warns

A new report is predicting far-reaching economic impacts of any federal cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP) in Georgia.

March 27, 2025
|
By:
  • Ellen Eldridge
A person carries shopping bags at a shopping center on the day after Christmas on Dec. 26, 2023 in Glendale, Calif. Strong consumer spending helped drive better-than-expected economic growth in the final months of 2023.

Tagged as: 

  • Economy

Many experts feared a recession. Instead, the economy has continued to soar

The U.S. economy grew substantially faster in the final months of 2023 than forecasters had expected. For all of last year, the economy grew 3.1% — defying forecasts of a likely recession.

January 25, 2024
|
By:
  • Scott Horsley
A shopper carries a shopping bag while walking through an outdoor shopping center in Corte Madera, Calif., on Oct. 17. Strong consumer spending is helping to power the economy — but it may not last.

Tagged as: 

  • Economy

5 things to know about a stunning week for the economy

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

October 28, 2023
|
By:
  • Scott Horsley
A customer waits to order food at a Miami McDonald's on July 26, 2022. The CEO of McDonald's expects the U.S. to experience a mild recession and says customers have grown more reluctant to splurge on or supersize their orders.

Tagged as: 

  • Economy

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

April 27, 2023
|
By:
  • Scott Horsley
Women carry shopping bags as customers visit the American Mall dream mall during Black Friday on Nov. 25, 2022 in East Rutherford, N.J. The U.S. economy ended 2022 on a strong note, but fears of a recession are growing.

Tagged as: 

  • Economy

The U.S. economy ended 2022 on a high note. This year is looking different

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

January 26, 2023
|
By:
  • Scott Horsley
People shop in a Manhattan store on Oct. 26, 2022 in New York City. Inflation, in the form of higher prices for gas, food and other consumer goods is weighing on U.S. economic growth.

Tagged as: 

  • Economy

New GDP report shows an economic turnaround, but don't be fooled

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

October 27, 2022
|
By:
  • Scott Horsley
Federal Reserve Chair Jerome Powell says he and his colleagues have the tools to bring high inflation under control without starting a recession.

Tagged as: 

  • Economy

Is the U.S. in a recession? GDP report will give us clues

GDP, or gross domestic product, tells us how much the economy grew in the previous quarter. There's fears that the economy contracted for a second quarter in a row.

July 28, 2022
|
By:
  • David Gura

Tagged as: 

  • Economy

Meet the new GDP prototype that tracks inequality

A team of economists offers America a new way to look at economic growth. It's a sort of GDP prototype that tracks the well-being of different income groups.

July 19, 2022
|
By:
  • Greg Rosalsky
The U.S. economy likely slowed sharply in this year's first quarter, but conditions may be sturdier than they look as consumer spending remains healthy. Here, people relax in Sunny Isles Beach, Fla., on March 8.

Tagged as: 

  • Economy

Why this economy may be sturdier than it looks

U.S. GDP growth likely slowed sharply in the first few months of the year, but the economy may be sturdier than it looks.

April 28, 2022
|
By:
  • Scott Horsley
The U.S. economy likely slowed sharply in this year's first quarter, but conditions may be sturdier than they look as consumer spending remains healthy. Here, people relax in Sunny Isles Beach, Fla., on March 8.

Tagged as: 

  • Economy

Why this economy may be sturdier than it looks

U.S. GDP growth likely slowed sharply in the first few months of the year, but the economy may be sturdier than it looks.

April 28, 2022
|
By:
  • Scott Horsley
A sign asking patrons to wear a mask is seen at the entrance of a restaurant in New York City on Aug. 3. The spread of the delta variant led to sharply slower economic growth in the July-to-September quarter.

Tagged as: 

  • Economy

How the economy went from sizzle to fizzle, and why there's hope for a way back

The U.S. economy slowed sharply in the third quarter as the delta variant and persistent supply chain woes weighed on growth. The months ahead should be better.

October 28, 2021
|
By:
  • Scott Horsley
Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing in Washington, D.C., on July 15. The Fed issued new economic projections at the conclusion of its policy meeting on Wednesday.

Tagged as: 

  • Economy

The Fed Says Inflation Is Hotter Than Expected — But It Should Cool Next Year

The Federal Reserve is projecting higher inflation this year than it had previously forecast, but says prices will cool more next year.

September 22, 2021
|
By:
  • Scott Horsley
Travelers head to a security checkpoint at Denver International Airport on July 2. The economy likely surged in the April-June quarter as vaccine rollouts sparked a surge in pent-up activity. A slowdown is now seen as inevitable, although the pace of growth should remain strong.

Tagged as: 

  • Business

The Economy Is Stronger. These 4 Things Will Determine What Happens Next

The U.S. economy grew 6.5% pace in the April-June quarter, continuing to strengthen from the worst of the pandemic. A slowdown is inevitable; the question is how much it will slow.

July 29, 2021
|
By:
  • David Gura
The U.S. economy slowed sharply in the last three months of the year from the previous quarter as the pandemic made a resurgence and businesses had to close.

Tagged as: 

  • Economy

U.S. Economy Slows Sharply As Pandemic Resurges

The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a rise in coronavirus infections weighed on in-person businesses like restaurants.

January 28, 2021
|
By:
  • Scott Horsley
A sign noting a retail space is available for lease appears in San Francisco in December. A resurgence in the pandemic likely dealt a major blow to the U.S. economy in the fourth quarter.

Tagged as: 

  • Economy

Down But Not Out: Pandemic Likely Dealt Blow To Economy, But There's Room For Hope

The U.S. economy is likely to have slowed in the last three months of the year, ending 2020 smaller than it began. But for some companies, business is now back to pre-pandemic levels.

January 27, 2021
|
By:
  • Scott Horsley
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