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GDP
Business

Economic Growth for Last Quarter Is Revised Up to 1.3%

Corvettes on car carrier

WASHINGTON — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said.

Paul Wiseman | Associated Press
May 25, 2023
Government, Business

US Revises Down Last Quarter’s Economic Growth to 2.6% Rate

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WASHINGTON — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace. 

Paul Wiseman | Associated Press
March 30, 2023
Government, Business

GDP Grew 3.2% in Q3, an Upgrade From Earlier Estimate

Norfolk Southern locomotives

Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.

Paul Wiseman | Associated Press
December 22, 2022
Government, Business, Logistics

US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop

Image

WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

Paul Wiseman | Associated Press
July 28, 2022
Government, Business

Economy Slipped 1.6% to Start Year

Image

WASHINGTON — The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported June 29 in a slight downgrade from its previous estimate for the January-March quarter.

Paul Wiseman | Associated Press
June 29, 2022
Government, Business

Economy Posts Surprise Contraction, Belying Solid Consumer Picture

Image

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.

Olivia Rockeman | Bloomberg News
April 28, 2022
Government, Business

US Slightly Revises Up its GDP Estimate for Q4 to 7%

Image

The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Feb. 24 in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.

Paul Wiseman | Associated Press
February 24, 2022
Government, Business

Economic Growth Quickens in Q4 With Inventory Boost

Image

U.S. economic growth accelerated by more than forecast in the fourth quarter, fueled by the rebuilding of inventories and capping the strongest year since the 1980s.

Reade Pickert | Bloomberg News
January 27, 2022
Government, Business

US Posts Weakest GDP Growth of Pandemic Recovery

Image

U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment.

Reade Pickert | Bloomberg News
October 28, 2021
Government, Business

Government Revises Q4 GDP Up Slightly to 4.3%

Image

WASHINGTON — The U.S. economy grew at an annual rate of 4.3% in the final three months of 2020, slightly faster than previously estimated.

Martin Crutsinger | Associated Press
March 25, 2021

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