The numbers: The U.S. federal budget deficit fell to $1.37 trillion in the just-ended fiscal year, the Treasury Department said Friday, half the amount of last year’s shortfall. Key details: Read more
Tag: shrank
The U.S. economy shrank in the first half of 2022, new 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
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 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
It’s a wrap: U.S. first-quarter GDP shrank 1.6%. The second quarter isn’t looking much better
The numbers: The first quarter is in the books: The economy shrank at a 1.6% annual pace, the government’s final appraisal shows. And the second quarter isn’t looking all that Read more