Tag: Gross Domestic Product

Coming Next: The Greater Recession

One pretty good forecasting rule for the coronavirus era has been to take whatever Trump administration officials are saying and assume that the opposite will happen. When President Trump declared in February that the number of cases would soon go close to zero, you knew that a huge pandemic was coming. When Vice President Mike […]

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Record Low for U.S. G.D.P. as Coronavirus Takes Huge Toll

The coronavirus pandemic’s toll on the nation’s economy became emphatically clearer Thursday as the government detailed the most devastating three-month collapse on record. Gross domestic product, the broadest measure of goods and services produced, fell 9.5 percent in the second quarter of the year as consumers cut back spending, businesses pared investments and global trade […]

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GDP Q2 Report: Why You’ll See Two Figures for Decline

When the Commerce Department releases its preliminary estimate for second-quarter economic output on Thursday morning, the numbers will be historically terrible. They will also be confusing. Forecasters expect the report to show that gross domestic product — the broadest measure of goods and services produced in the United States — fell at an annual rate […]

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China’s Economy Rebounds From Virus, but Uncertainty Persists

BEIJING — Economies in Europe and the United States are still languishing as the pandemic forces cities to shut down and shoppers to stay home. But one major country is growing once again: China. The world’s second-largest economy expanded 3.2 percent from April through June compared to the same period last year, Chinese officials said […]

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