There may be an explanation for why the U.S. economy has been remarkably resilient, growing briskly despite high inflation and interest rates. Maybe it isn’t so resilient after all. This week, the ...
WASHINGTON, Sept 26 (Reuters) - U.S. economic growth accelerated in the second quarter amid strength in consumer spending, the government confirmed on Thursday. Gross domestic product increased at an ...
WASHINGTON, Sept 29 (Reuters) - The U.S. economy's recovery from the COVID-19 pandemic was much stronger than initially thought amid massive fiscal stimulus, according to revisions on Thursday, which ...
Last month, the Bureau of Economic Analysis updated its estimates, as it does, for how the economy performed this year. It grew 2% in the first quarter. It also shrank 1.8%. In the second quarter, it ...
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Measuring Economic Conditions: GDP or GNI?
Gross Domestic Product (GDP) is an economic indicator that focuses on the value of goods and services a country produces. Gross National Income (GNI) includes production figures as well as the income ...
It is fashionable in some circles to lament the “cult of gross domestic product”. The pursuit of growth, this criticism goes, blinds officials to less quantifiable but worthier objectives, be it a ...
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