Tariffs have raised the probability of a U.S. recession to around 35%: Pimco
There is a “maybe 35% probability” that the U.S. will enter a recession this year, says Alec Kersman, managing director and ...
Understanding GDP: Why Imports Don't Actually Reduce Economic Growth
The current political discussion about tariffs has led to confusion about imports and GDP. Business leaders assessing the ...
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How reliable is the government's economic data? Under Trump, there are real concerns
The disbanding of committees that consulted on government data — and comments from a senior official about changing how GDP ...
U.S. gross domestic product rose 2.3% in fourth quarter, up 2.8% for 2024 as a whole
Real U.S. Gross Domestic Product in the fourth quarter 2024 rose at an annual rate of 2.3%, according to the Commerce ...
Committee for a Responsible Federal Budget1d
12-Month Rolling Deficit Rises to $2.2 Trillion in February 2025
The federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the ...
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What is a recession and is the US in one?
Two consecutive quarters of negative real gross domestic product (GDP), which is the total value of goods and services in the country over a certain time period, is often considered a recession.
Commerce Secretary’s Comments Raise Fears of Interference in Federal Data
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output ...
White House pushes back against recession talk as household worries grow
A key economic adviser to President Donald Trump on Monday pushed back on talk of recession stemming from uncertainty around ...
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic ...
Japan’s Economy Grew More Slowly Than Initially Estimated in Final Quarter of 2024
The Japanese economy grew at a slower pace than initially estimated in the October-December period but still marked a third ...
High spending pushes Russia's budget deficit to $31.5 bln in February
Russia's budget deficit widened to 1.3% of gross domestic product in February, or 2.70 trillion roubles ($31.45 billion), the ...
Japan’s economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending
Japan's has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as ...