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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: GDP

GDP stories: 61 news summaries

21 - 40 of 61 Stories | << Prev 1 2 3 4 Next >>

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MARKETS

 Dow Off 149, 
 Down 8.8% for Month 

GDP report ends month of layoffs, losses

Jan 30, 09 3:18 PM CST
(Newser) - Stocks extended losses today off the news of a 3.8% decline in US GDP for the fourth quarter, ending a turbulent month, MarketWatch reports. The report capped a week of widespread layoffs and poor earnings at major US firms. Amazon.com was a rare exception, up 18% on strong... More »

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layoffs • Dow Jones • earnings reports • Nasdaq • GDP • S&P 500 • Amazon.com • Amazon

MARKET Open

 Stocks Flat After GDP Sinks


Jan 30, 09 8:43 AM CST
(Newser) - Stocks shrugged their shoulders at the open, unsure what to make of a grim, but better-than-expected GDP report. The Dow rose 31 points, while the S&P inched up 4.6 points, and the Nasdaq climbed 15. GDP shrunk 3.8% in the fourth quarter, the biggest contraction in 26... More »

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stock market • Nasdaq • GDP • Dow • S&P 500

US Biz Climate Worst in Nearly
3 Decades

Survey finds strapped firms are pessimistic about 2009

Jan 26, 09 9:19 AM CST
(Newser) - A deepening recession in the fourth quarter of 2008 has business conditions for US firms at their worst levels in 27 years, reports Reuters. A National Association of Business Economics survey also showed decreasing expectations for a turnaround in 2009, with most poll respondents expecting the recession to worsen and... More »

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housing market • recession • GDP • US employment • financial crisis • National Association of Business Economists • recession depression

China's Q4 Economic Growth Slows

Economy grew by 9%
in 2008, down sharply from 13% in 2007

Jan 22, 09 9:00 AM CST
(Newser) - China’s economy expanded at 9% in 2008, in a drastic slowdown marking the first time China has seen single digit growth since 2002, reports the Wall Street Journal. A soft export market and its own housing collapse slowed fourth-quarter growth to just 6.8%, threatening the government’s... More »

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China • GDP • Chinese economy • Chinese exports

Bush Years Were Dark for US Economy

'We really went nowhere for almost 10 years,' says economist

Jan 12, 09 11:49 AM CST
(Newser) - The Bush years have not been good ones for the economy, the Washington Post reports, based on an analysis of economic data and discussions with economists of all stripes. Job growth for Bush’s tenure amounts to just 2%, the smallest 8-year gain on record, and GDP grew at... More »

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Bush administration • real estate • economic growth • recession • GDP • housing bubble • economy • job • George W. Bush

MARKET Open

 Stocks Flat on Minimal Trading 

Everyone's on vacation

Dec 23, 08 8:51 AM CST
(Newser) - It was a sleepy open on Wall Street today, as the major stock indexes mostly jogged in place on low volume, the Wall Street Journal reports. The Dow inched up 50 points, while the Nasdaq and S&P lost 0.6% and 0.7% respectively. The government reported a... More »

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stock market • Nasdaq • GDP • Dow • S&P 500

US Already a Year Into Recession: Economists

Non-traditional measurement based on employment, other statistics

Dec 1, 08 12:51 PM CST
(Newser) - The US economy has been in a recession since employment peaked in December 2007, a committee of economists declared today. However, MarketWatch notes, the private National Bureau of Economic Research rejects the traditional metric that recession is defined as consecutive quarters of GDP decline, opting instead to look at four... More »

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economic indicators • employment • recession • GDP • economy

 Japan Sinks Into Recession 

Economic downturn could last a year

Nov 17, 08 2:39 AM CST
(Newser) - The financial crisis rippling through the global economy has claimed another casualty as Japan has slipped into its first recession in seven years, Reuters reports. Third quarter statistics reveal a 0.1% contraction in Japan's Gross Domestic Product. Japanese economists warn the nation could languish in recession for an... More »

MORE ABOUT:
Japan • recession • GDP • Nikkei • Bank of Japan • eurozone • Japanese economy • G20 • Kaoru Yosano

OPINION

Short-Term Solutions to Crisis Won't Cut It: Sachs

Economist argues for systemic adjustment

Nov 10, 08 2:15 PM CST
(Newser) - The financial crisis can't be averted, and the Obama administration would be wise to accept that and concentrate on "a steady policy that will steer us through an unavoidable short-run recession to arrive at a much healthier economy within three to five years," writes Jeffrey Sachs for the... More »

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China • Barack Obama • recession • GDP • borrowers • financial crisis • President Obama

MARKETS

 Dow Rises 189 After GDP News 

Early news on shrinking GDP can't keep indices from rising

Oct 30, 08 3:29 PM CDT
(Newser) - The markets held ground after an early rally today, with investors shrugging off a smaller-than-expected fall in third-quarter US gross domestic product and remaining cautiously optimistic over yesterday’s Fed rate cut, MarketWatch reports. The Dow closed up 189.73 at 9,180.69. The Nasdaq rose 41.31 to... More »

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Dow Jones • Nasdaq • GDP • federal funds rate • S&P 500 • Libor

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 »

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

 Spending Dive Sends 
 GDP Down 

Economists fear prolonged recession inevitable as numbers erode

Oct 30, 08 8:28 AM CDT
(Newser) - The US economy shrank less than expected in the third quarter but still suffered the biggest contraction since the 2001 recession, reports Bloomberg. The gross domestic product fell 0.3%, led by the first fall off of consumer spending in two decades. The figure, out from the Commerce Department this... More »

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inflation • recession • consumer spending • GDP • financial crisis

China Blames Crisis in Latest GDP Slide

Growth at solid 9%, but down for 5th quarter in row as exports shrink

Oct 21, 08 1:27 PM CDT
(Newser) - The dragon isn’t sick yet, but it’s definitely catching cold: China’s gross domestic product grew by an enviable 9% in the third quarter, but still failed to match last quarter’s result of 10.1%, the Guardian reports. The data mark the first time China’s GDP... More »

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China • GDP • Chinese economy • Chinese toys • credit crisis • financial crisis • financial meltdown • Chinese exports

Consumers Squeezed, Spending Stalls

As prices rise, wages fall and unemployment jumps, spending growth has stalled

Oct 3, 08 10:45 AM CDT
(Newser) - The current economic crisis is shaping up to be different than others Americans have weathered in the past 20 years in an important respect, the Washington Post reports: consumer spending, which the nation could always count on to propel the economy through, has stalled. Real spending, the catalyst behind 70%... More »

MORE ABOUT:
Consumer Price Index • consumer confidence • wages • unemployment • consumer spending • GDP • credit crisis

MARKETS

 Up Day Still Means Down Week 

WaMu spooks markets, but optimism over bailout remains strong

Sep 26, 08 3:47 PM CDT
(Newser) - Stocks lost value for most of today’s session as progress slowed on the Wall Street bailout plan, but turned sharply higher in the last few trading hours, MarketWatch reports. Despite mixed gains today, all indices saw losses during a tumultuous week. The Dow gained 121.07 to 11,143.... More »

MORE ABOUT:
Congress • Dow Jones • Nasdaq • GDP • WaMu • S&P 500 • bailout

MARKETS

 Stocks Rally on GDP Revision

MBIA's jump leads insurers higher, and lower energy prices power big gains

Aug 28, 08 3:15 PM CDT
(Newser) - Stocks rallied today as MBIA led gains for bond insurers and the news of an upward revision to the second-quarter US gross domestic product brightened investor sentiment, MarketWatch reports. The Dow rose 212.67 to close at 11,715.18. The Nasdaq gained 29.18, closing at 2,411.64,... More »

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Dow Jones • Nasdaq • GDP • MBIA • Department of Commerce • S&P 500 • financial stocks • Hurricane Gustav

Economy

GDP Grew More in Q2
Than First Reported

Commerce Department revision shows healthier growth

Aug 28, 08 12:06 PM CDT
(Newser) - GDP growth was higher than initially reported in the second quarter, the Wall Street Journal reports. Commerce Department revisions put the increase at a seasonally adjusted 3.3% annual rate—the original estimate was 1.9%. Businesses decreased their inventories less than previously thought. At the same time, exports rose... More »

MORE ABOUT:
economic growth • imports • exports • unemployment • GDP • Department of Commerce • unemployment benefits • economy • inventory growth

MARKETS

 Stocks Fall on Economic Reports

Two-day rally quashed, ending July on a sour note

Jul 31, 08 3:19 PM CDT
(Newser) - Stocks fell today as worrying economic reports put an end to a 2-day rally, MarketWatch reports. Financials slipped, and energy stocks took a hit as Exxon’s record profit failed to meet analysts' expectations and crude prices continued to fall. The Dow dropped 204.69 to 11,379.00. The... More »

MORE ABOUT:
Exxon • economic growth • Dow Jones • Nasdaq • GDP • jobless claims • S&P 500 • financial stocks

OPINION

 How Government 
 Can Buy You Happiness 

Economists need to start thinking about quality of life

Jun 19, 08 3:30 PM CDT
(Newser) - While the jury's still out on whether money can buy happiness, a higher gross domestic product certainly doesn't. In rich countries, well-being really does depend on non-material things like family stability, a friendly community, and job security—and economists should start incorporating quality-of-life issues into policy, John Cassidy writes in... More »

MORE ABOUT:
economic growth • economics • poverty • GDP • happiness

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

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