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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: US gross domestic product

US gross domestic product stories: 7 news summaries
ANALYSIS

US GDP Jump Hollow if Unemployment Keeps Rising

... and it's still rising faster than before recession

Oct 29, 09 8:07 PM CDT
(Newser) - News that the US gross domestic product jumped 3.5% in the third quarter cheered investors and others, but the cheers will ring hollow if unemployment keeps rising, John Authers writes. Consumer spending rose even as disposable income fell—“ not a pattern that can be sustained for long, and... More »

MORE ABOUT:
recession • unemployment • consumer spending • economic stimulus package • consumer confidence index • US gross domestic product • financial crisis • Cash for Clunkers • disposable income


 Record $1.4T Deficit 
 Imperils Recovery 

Gap dwarfs FY2008 figure, spells trouble for new stimulus plans

Oct 16, 09 6:35 PM CDT
(Newser) - The federal deficit in the fiscal year that ended Sept. 30 was $1.4 trillion, lower than projected but still a record. At 10% of GDP, the figure is the largest since 1945, when the deficit was 21.5% of GDP. The figure made public today coincides with early rumblings... More »

MORE ABOUT:
GDP • budget deficit • economic stimulus package • US gross domestic product • Office of Management and Budget • Obama administration • President Obama • Peter Orszag • White House budget director

Analysis

Good News: We've Hit Bottom!

Of course, the
bad news is:
We've hit bottom!

Jul 24, 09 9:13 AM CDT
(Newser) - Former Fed vice chairman Alan Blinder has some good news and some bad news about the economy, and it’s the same news: We’ve hit bottom. Third-quarter GDP should turn positive, and the fourth quarter could even hold an upside surprise. Growth of 3% or even 4% is utterly... More »

MORE ABOUT:
Federal Reserve • US economy • GDP • economy • Alan Blinder • US gross domestic product • financial crisis

(Newser) - The cap-and-trade climate legislation that could come up for a House vote tomorrow makes no economic sense and “is likely to be the biggest tax in American history,” write the editors of the Wall Street Journal. Democrats are defending the bill with an incomplete Congressional Budget Office estimate... More »

MORE ABOUT:
Congress • cap and trade • Henry Waxman • House of Representatives • Congressional Budget Office • climate change legislation • Edward Markey • US gross domestic product

MARKETS

 Dow Surges Despite GDP Dip 

Drop isn't as bad as feared, and rate cuts abroad cheer US traders

Oct 30, 08 9:07 AM CDT
(Newser) - Stocks jumped at the opening bell, as international rallies helped offset a shrinking US economy, the Wall Street Journal reports. Gross domestic product shrank at a seasonally adjusted 0.3% annual rate from July to September; the not-as-bad-as-feared figure sent the Dow up 201 points at the open before dipping... More »

MORE ABOUT:
stock market • Dow Jones • economic indicators • Nasdaq • GDP • S&P 500 • economy • US gross domestic product • financial crisis

Indicators

Economy Grew at a Crawl
in First Quarter

What happened to the recession?

Apr 30, 08 8:44 AM CDT
(Newser) - The US Gross Domestic Product rose at a 0.6% annual pace in the first quarter, despite the widespread belief that the economy is in recession, Bloomberg reports. The number stayed positive thanks to a surge in inventories, which offset flagging consumer spending and business investment. “We think we're... More »

MORE ABOUT:
recession • consumer spending • GDP • economy • inventory growth • US gross domestic product

 GDP Growth Weakest Since '02 

0.6% increase matches estimates; markets still focused on credit issues

Mar 27, 08 12:46 PM CDT
(Newser) - The US economy sputtered—as expected—in the fourth quarter of 2007, growing at the slowest rate since 2002, MarketWatch reports. Estimated growth of the US gross domestic product was 0.6% for the last three months of 2007, matching economists' forecasts. Consumer spending grew 2.3%, and exports increased... More »

MORE ABOUT:
consumer spending • US economy • credit crisis • Department of Commerce • macroeconomic data • inventory growth • US gross domestic product

7 Stories


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