Government, Business

Multiple Hits to Economy Likely to Trigger Recession, Analysis Shows

stock trader reacts Stock trader Gregory Rowe reacts at the New York Stock Exchange on March 18. (Mark Lennihan/AP)

The U.S. economy amid the COVID-19 crisis is suffering under the weight of multiple factors, including lower consumer spending, falling business investment and global travel bans, according to a report from S&P Global Economics.

Jerry Hirsch | Contributing Writer
March 18, 2020
Government, Business

Consumer Spending Bump Offset by Inventories in Revised GDP

The Shops at Columbus Circle in New York People walk through The Shops at Columbus Circle mall in New York. (Victor J. Blue/Bloomberg)

Americans’ spending grew by more than previously reported in the third quarter, a change offset by a drag in inventories that left economic growth at a still-healthy but unrevised 2.1%.

Reade Pickert | Bloomberg News
December 20, 2019
Government, Business

Economy Grows at Modest 1.9% Rate in Third Quarter

containership Kota Ekspres The containership Kota Ekspres is unloaded at the Port of Oakland. (Ben Margot/AP)

WASHINGTON — The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy.

Martin Crutsinger | Associated Press
October 30, 2019
Government, Business

Chance of US Recession Rises to 35% Among Economists Surveyed

A board above the floor of the New York Stock Exchange President Donald Trump last week announced new tariffs on imported Chinese goods, to take effect Sept. 1, causing steep declines in global stock markets. (Associated Press/Richard Drew)

The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.

Catarina Saraiva | Bloomberg News
August 8, 2019
Government, Business

Growth Slows to 2.1%, Beating Estimates

GDP Taylor Weidman/Bloomberg News

U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut July 31.

Katia Dmitrieva | Bloomberg News
July 26, 2019
Government, Business

GDP Growth of 1.8% Seen for 2Q

GDP Meg Roussos/Bloomberg News

Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer spending keeping things from looking even worse.

July 25, 2019
Government, Business

Growth of 3.2% Tops Forecasts on Trade, Inventory Boost

Warehouse inventory is moved with a forklift. Warehouse inventory is moved with a forklift. (Bryan van der Beek/Bloomberg News)

Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.

April 26, 2019
Government, Business

GDP Declines in 4Q, Reflecting Consumer, Government Spending

Andrew Harrer/Bloomberg News

U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration.

Jeff Kearns | Bloomberg News
March 28, 2019
Government, Business

GDP Grows 3.5% on Consumer Spending

Warehouse Luke Sharrett/Bloomberg News

The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.

October 26, 2018

US Growth Cools to 2.3% While Compensation Costs Accelerate

Jeff Wheeler/Bloomberg News

U.S. economic growth cooled last quarter as consumers pulled back after outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market.

Sho Chandra | Bloomberg News
April 27, 2018