WTO Warns of Growing Threat of Protectionism
The World Trade Organization slashed its forecast for trade global growth in 2013 on Wednesday, saying it feared protectionism was on the increase.
gross domestic product
U.S. Trade Gap Narrows in February on Stronger Oil, Auto Exports
The U.S. trade deficit unexpectedly narrowed in February as exports climbed to near an all-time high and the volume of imported crude oil fell to the lowest level in 17 years.
GDP Report: U.S. Economy Expands at 0.4% Rate
The economy grew at a slightly faster but still anemic rate at the end of last year. There's hope that growth accelerated in early 2013, despite higher taxes and spending cuts.
Why Smart Investors Should Support Immigration Reform
For the first time in a generation, there seems to be political will on both sides of the aisle to pass new immigration legislation. It's an issue generally framed as a political or cultural one, but it has profound consequences for investors, businesses and the whole U.S. economy.
U.S. GDP Grew at 0.1% Rate in Fourth Quarter
The U.S. economy grew at a 0.1 percent annual rate from October through December, the weakest performance in nearly two years. But economists believe a steady housing rebound in housing and solid business and consumer spending is pushing growth higher in the current quarter.
U.S. GDP Shrinks for First Time Since End of Great Recession
The U.S. economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.
U.S. Economic Growth Improves to 2% Rate in Q3
The U.S. economy grew at a slightly faster 2 percent annual rate from July through September, buoyed by more spending by consumers and the federal government.
Pop Quiz: Is America Still the Land of Economic Opportunity?
"Moving on up" is a fundamental part of America's identity, but the path from rags to riches is getting harder to navigate. To gauge the state of American promise, we dug into the numbers: Take our quiz to find out if American hope lives up to American hype.
10 Ways America Is Losing Its Superpower Status to China
Just a few years ago, most people around the globe viewed the U.S. as the world's leading economic power. Now, that title is passing to China, and here are 10 reasons why.
Why You Should Be Happy About 2.2% GDP Growth
The federal government says GDP grew at a 2.2% rate in the first quarter, and many pundits are calling that number a disappointment: Here's a primer on exactly what the GDP growth rate is, and why 2.2% is nothing to be bummed about.
U.S. Economy Grows Slightly More Than Expected
U.S. GDP increased a revised 2.5% in the third quarter, slightly better than expected, and above the initially estimated 2.0% rate, as stronger exports, investment, and spending boosted commercial activity in the world%u2019s largest economy.
Third-Quarter GDP Rose to 2% on Consumer Spending
Consumer outlays increased at the best pace in about four years -- providing some hope that the expansion can continue. The rise from the second-quarter rate of 1.7% was in line with economists' expectations. Soaring imports were a big drag on the growth report.
This Year's Federal Deficit: About 10% of the GDP
The federal deficit will amount to the equivalent of approximately 10% of U.S. gross domestic product for the fiscal year, which ended Sept. 30, according to a Treasury official. That's about the same percentage as the previous fiscal year.
U.S. Economy Grew 1.7% in Second Quarter
The final numbers on U.S. GDP growth for the second quarter are in, and they're a bit better than the previous revision's reading. GDP inched 1.7% higher in the second quarter, up from the earlier 1.6% estimate.