White House downplays recession fears ahead of upcoming GDP report

White House downplays recession fears ahead of upcoming GDP report

This post was originally published on this sitePresident Joe Biden’s advisers are downplaying recession fears ahead of a highly anticipated report that could show the economy shrinking for a second consecutive quarter.

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Are we in a recession? What the GDP dip last quarter means for our economy

Are we in a recession? What the GDP dip last quarter means for our economy

This post was originally published on this siteGDP fell by 1.4% last quarter. That doesn’t necessarily mean the U.S. is closer to a recession, but some say one might be on the way in 2023.     

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Why the U.S. economy shrank

Why the U.S. economy shrank

This post was originally published on this siteThe U.S. economy shrank at a 1.4 annualized rate in the first three months of the year

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The economy is strong but voters aren’t feeling it. That’s a problem for Biden

The economy is strong but voters aren’t feeling it. That’s a problem for Biden

This post was originally published on this site President Biden’s first year in the White House has been marked by record GDP growth and job gains, so why do voters keep giving him poor marks on the economy? (Image credit: Win McNamee/Getty Images)

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Rise in Inventories Sounds an Alarm About Inflation

Rise in Inventories Sounds an Alarm About Inflation

This post was originally published on this siteThe move doesn’t signal waning demand. It shows how entrenched higher prices have already become.

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US Economy Slows Sharply in Third Quarter Amid Supply Chain Crisis

US Economy Slows Sharply in Third Quarter Amid Supply Chain Crisis

This post was originally published on this site By Lucia Mutikani WASHINGTON — The U.S. economy grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending. Gross domestic product increased at...

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Economy Week Ahead: Central Banks, GDP, Consumer Spending

Economy Week Ahead: Central Banks, GDP, Consumer Spending

This post was originally published on this siteGross domestic product data from the U.S. and eurozone this week will show how sharply economic growth slowed in the third quarter.

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