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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: GDP

GDP stories: 61 news summaries

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MARKETS

 Stocks Dip on Tough Tech Day 

Oracle and Google news hurts markets

Mar 27, 08 3:28 PM CDT
(Newser) - The markets fell today on weak news from the tech and financial sectors. The Dow dropped 120.16 points to 12,302.7, the Nasdaq fell 43.53 to 2,280.83, and the S&P closed down 15.36 at 1,325.77, MarketWatch reports. Disappointing results from bellwethers... More »

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Google • stock market • Dow Jones • Oracle • Nasdaq • GDP • S&P 500

Retail Sales
Sank in
February

Surprise drop, after
January rise, stokes
slowdown fears

Mar 13, 08 9:15 AM CDT
(Newser) - Stoking fears of recession, US retail sales fell in February by .6%, the Wall Street Journal reports, despite economists' predictions of a 0.1% increase. Sales had been up a revised 0.4% in January. Factors cited in the decline include rising gas prices, falling home values, the credit crunch,... More »

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housing market • unemployment • GDP • gas prices • credit crisis • retail sales • economy • import prices

US in Recession Now: Buffett

Billionaire says crisis is already here

Mar 4, 08 3:28 AM CST
(Newser) - The US is already in a recession for all practical purposes, even if economic conditions haven't yet met the technical definition of at least two consecutive quarters of negative growth. That's the verdict of billionaire investor Warren Buffett, who tells CNBC that a serious economic slowdown is obvious in reports... More »

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Warren Buffett • recession • trade deficit • GDP • credit crisis • Berkshire Hathaway • Department of Commerce • annual letter • National Association for Business Economics • GEICO • General Re • insurance industry • profit margins

MARKETS

Stocks Tumble on Weak Data

Dow drops 112 points on sluggish growth,  rising jobless claims

Feb 28, 08 3:56 PM CST
(Newser) - Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P... More »

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inflation • Ben Bernanke • Federal Reserve • Dow Jones • unemployment • Nasdaq • GDP • interest rate • S&P 500 • bank failure

Economists Lean Closer
to the R-Word

Almost half on US panel predict
recession, up from 25% last year

Feb 25, 08 7:09 PM CST
(Newser) - An panel of US economists leaned closer to predicting recession today after grappling with a slew of scary data, the AP reports. More than half of analysts at the National Association for Business Economics maintained that a downturn is still unlikely, but 45% expected recession in 2008; only a quarter... More »

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Federal Reserve • recession • economist • US economy • GDP • credit market • economic stimulus package

Streeters Give Ben Bad Grades

Fed chair faulted for bad choices

Feb 6, 08 5:29 PM CST
(Newser) - Economists went negative on Ben Bernanke in a new Wall Street Journal survey, grading the Fed chief at 75 out of 100 points—the lowest mark in two years on the job—and saying he had managed communications poorly and was too attentive to bears and bulls. One watcher said... More »

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Ben Bernanke • Federal Reserve • recession • GDP

Rising Iraq Costs Refuel Debate

As price to wage war in Iraq climbs, US political opposition may re-emerge

Feb 4, 08 2:59 PM CST
(Newser) - The skyrocketing cost of the war in Iraq—where spending per month has doubled in the last 3 years—could re-energize anti-war sentiment in the next few months, the Wall Street Journal reports. It's likely to be a focus in debate over President Bush’s proposed $3 trillion budget, which... More »

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Iraq • GDP • federal budget • Iraq war • Iraq war spending • George W. Bush

Looking for a Real Recession? Try Japan

Once-booming economy stumbles, yet people are 'indifferent'

Feb 2, 08 3:18 PM CST
(Newser) - While economists squabble over a possible US recession, Japan has quietly slipped into one. The country’s postwar riches have all but vanished, the Washington Post reports, as its GDP tumbles from fourth to twentieth among the world’s countries and its share of the world’s economy dips... More »

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Japan • Toyota • Shinzo Abe • recession • foreign investment • unemployment • GDP • manufacturing • Yasuo Fukuda • Junichiro Koizumi • Japanese economy • Japanese auto industry

Economic Growth Slowed
to a Crawl in Q4

Economy in far worse shape than analysts predicted

Jan 30, 08 9:02 AM CST
(Newser) - Economic growth braked so violently in the fourth quarter of 2007 that it wiped out a stellar third quarter, dragging annual growth to a 5-year low. Last quarter’s 0.6% GDP growth—after 4.9% pace in Q3—was just half what analysts expected, as the housing component plummeted... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • recession • GDP • housing crisis • subprime crisis

Brits Richer Than Yanks
for First Time in 100 Years

Britons earn more than Americans for first time in over 100 years

Jan 7, 08 2:00 PM CST
(Newser) - Britons are making more per capita than Americans for the first time since the 19th century, a new GDP report finds. Brits are earning $46,323 a year on average, $500 more than their US counterparts, according to Oxford Economics. The Yanks are still ahead when it comes to purchasing... More »

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currency • GDP • Britain

World Bank Cuts China's Economy Down to Size

World Bank says the world's second-largest economy is poorer than thought

Dec 18, 07 7:44 AM CST
(Newser) - China's economy, predicted to become the world’s largest by 2012, actually is 40% smaller than previously estimated, the World Bank concludes, after updating the way it calculates GDP. Although China’s $5.33-trillion economy is still the second largest in the world behind the $12-trillion US, the new appraisal... More »

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China • World Bank • US economy • GDP

WH Pares
2008 Economic Forecast, Hikes Jobless Rate

Housing decline 'more significant' than thought

Nov 29, 07 12:30 PM CST
(Newser) - The White House cut back its expectations for 2008 economic growth today and said unemployment rates are likely to worsen, citing the housing slump. GDP will grow only by 2.7% next year, down from an earlier 3.1%, said officials from Treasury and the Council of Economic Advisers; and... More »

MORE ABOUT:
inflation • housing market • Henry Paulson • unemployment • GDP • Treasury Department • Council of Economic Advisers

UN: Iceland Best Place to Live

Sub-Saharan Africa, it turns out, not so great

Nov 27, 07 1:21 PM CST
(Newser) - Iceland has inched out longtime champ Norway as the best place in the world to live, and sub-Saharan Africa is the worst. The UN list, out today, ranks countries by real per-capita GDP, education, and life expectancy. The US ranked 12th, down from 8th last year, as relatively low life... More »

MORE ABOUT:
United Nations • list • Sierra Leone • Norway • life expectancy • GDP • Iceland

'08 Subprime Fallout:
At Least 1.4M Foreclosures

Mortgage crisis slams economy across the board

Nov 27, 07 11:02 AM CST
(Newser) - The subprime mortgage fallout will continue through 2008, with 1.4 million Americans facing foreclosure, municipalities losing more than $6.6 billion in taxes, and housing values plummeting up to 16%, says a US Conference of Mayors report out today. The analysis projects slowed GDP growth and consumer spending and... More »

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economic growth • subprime mortgages • foreclosure • home sales • GDP • home loans

US Ranks
Third in GDP Per Person

Household spending rate is second-highest in world, report says

Nov 22, 07 11:42 AM CST
(Newser) - The US trails only Luxembourg and Norway in GDP per person and has the second highest household spending rates among 55 nations in a new report, reports the Wall Street Journal. The GDP measures household and government spending as well as business investment and net exports. The US per... More »

MORE ABOUT:
world economy • consumer spending • GDP

Growing African Economies Could Lessen Poverty

Ten years of positive growth could 'put a dent' in poverty: World Bank report

Nov 14, 07 3:52 PM CST
(Newser) - The growth of Africa's economy over the past 10 years is strong enough to "put a dent in a dent in poverty," according to a World Bank report. Growth over the past decade has averaged 5.4%, but more foreign investment is needed to keep that going. The... More »

MORE ABOUT:
Africa • World Bank • poverty • GDP

GDP Grows at 3.9% Clip Despite Housing Crunch

GDP tops estimates on increased consumer spending

Oct 31, 07 11:27 AM CDT
(Newser) - The US economy grew at a brisk 3.9% pace in the third quarter despite the credit and housing turmoil buffeting Wall Street, according to Commerce Department figures released today. Overall construction spending was up—with record commercial and government spending offsetting the housing slide—while individuals increased spending 3%... More »

MORE ABOUT:
Ben Bernanke • economic growth • Federal Reserve • consumer spending • GDP • Fed funds rate

Japan Pumps Cash Into Market

Interest rate hikes unlikely

Aug 13, 07 12:16 AM CDT
(Newser) - The Bank of Japan pumped $5.1 billion into the Japanese financial system today as the  global credit crunch continued to ripple through the Asian markets, Bloomberg reports. Adding to the jitters, Japan's growth is slowing more markedly than economists predicted; the world's second-largest economy expanded by only 0.5%... More »

MORE ABOUT:
stock market • Japan • Bank of America • subprime mortgages • finance • GDP • Nikkei • Asian markets • Bank of Japan • global credit • Japanese economy

Jobless Rate Rises While
GDP Rebounds

Economic growth balances looming
threat of inflation

Aug 3, 07 12:44 PM CDT
(Newser) - The unemployment rate increased slightly in the second quarter, but the GDP recovered after a lackluster first quarter, providing Wall Street with a mixed report card of the nation’s economy as the Fed meets to determine interest rates. Unemployment ticked up 0.1% to 4.6%, hastened by losses... More »

MORE ABOUT:
inflation • Wall Street • economic growth • Federal Reserve • construction • unemployment • consumer spending • US economy • GDP • manufacturing • interest rate

Dow Sinks Further on Credit Jitters

GDP report, earnings, can't stave off 208.10
point slide

Jul 27, 07 4:10 PM CDT
(Newser) - Stocks tumbled more than 200 points for the second day in a row, on fears that small-cap securities might be especially hard hit by a possible collapse in certain financial services. The Dow was down 208.10 to 13265.47, despite a report that the GDP grew faster this quarter... More »

MORE ABOUT:
Wall Street • FDA • GlaxoSmithKline • Avandia • stocks • Nasdaq • GDP • S&P 500

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