The numbers: The U.S. shrank in the first six months of the year, revised government figures confirm, and painted a picture of economy buffeted by strong headwinds and tailwinds. Gross Read more
Tag: GDP
U.S. economy shrank in the first half of 2022, updated GDP figures confirm
The numbers: The U.S. shrank in the first six months of the year, revised government figures confirm, and painted a picture of economy buffeted by strong headwinds and tailwinds. Gross Read more
GDP update may help solve a mystery on if a U.S. recession has already started
Using an old rule of thumb, the U.S. arguably fell into a recession earlier this year. Yet updated growth figures could show the economy was not as weak as it Read more
Eurozone flash PMIs point to GDP contraction in 3Q
The Eurozone economic downturn deepened in September with business activity contracting for a third consecutive month, S&P Global said. The eurozone composite purchasing managers index fell to 48.2 in September Read more
Eurozone flash PMIs point to GDP contraction in 3Q
The Eurozone economic downturn deepened in September with business activity contracting for a third consecutive month, S&P Global said. The eurozone composite purchasing managers index fell to 48.2 in September Read more
GDP shrank at 0.6% annual pace in second quarter, but it wasn’t all bad news
The numbers: The economy contracted at an annual 0.6% pace in the second quarter, updated figures show, as high inflation and rising interest rates sapped U.S. growth. Initially the government Read more
RBA cuts GDP, unemployment forecasts and ramps up inflation expectations
SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the continued momentum of the resource-rich economy despite rapidly rising interest rates and a jump in Read more
Politburo statement indicates Chinese economy will miss 2022 growth target
Chinese leaders all but acknowledged that the country would miss its annual growth target this year, while signaling that they would stay the course on zero-tolerance COVID-prevention measures and take only cautious Read more
Dow up 200 points, stocks hit 6-week highs as investors shrug off weak GDP number
U.S. stocks rallied to their highest level in more than six weeks Thursday as investors digest second-quarter GDP data as well as a flurry of corporate earnings reports, and the Read more
U.S. stocks erase part of post-Fed rally after GDP report
U.S. stocks turned lower Thursday, erasing some of Wednesday’s spectacular post-Fed rally. How stocks are trading The Dow Jones Industrial Average DJIA, +0.10% slumped 103 points, or 0.3%, to 32,092. Read more