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gross domestic product

Rise in Sales of New Homes Surprises Economists

Rise in Sales of New Homes Surprises Economists

Despite the downward revisions, new home sales rose in the third quarter compared with the April-June period.
U.S. Economy Grew 2.9% in 3rd Quarter, Picking Up the Pace

U.S. Economy Grew 2.9% in 3rd Quarter, Picking Up the Pace

A tugboat followed a ship into the Port of Oakland in California in August. Better-than-expected exports and lower imports in September helped raise estimates for economic growth in the United States.

U.S. Economy Grew at 3.2% Rate in 3rd Quarter

A previous estimate of gross domestic product had put the rate at 2.9 percent, but a revised report showed stronger consumer spending.

U.S. Economy Grew at Fastest Pace in 2 Years in 3rd Quarter

The economy expanded faster than the government had previously estimated last quarter, but the growth spurt is not expected to last.
China’s Big Cities Target Slower Growth in 2017

China’s Big Cities Target Slower Growth in 2017

From Chongqing to Shanghai, economic growth will slow, but isn't expected to stop.
China’s Economy Grows Strongly, Yet Central Bank Eases Policy

China’s Economy Grows Strongly, Yet Central Bank Eases Policy

Shoppers in Sanya, China, in September. Adjusted for inflation, consumer spending climbed 9.6 percent last year, led by blistering growth in online retail sales of 26.2 percent.
In Japan, Another Quarter of Modest Growth Represents a Victory

In Japan, Another Quarter of Modest Growth Represents a Victory

A factory in Kawasaki, Japan. Global demand for the country’s products has compensated for sputtering domestic spending.
Economic Trends: The Big Question for the U.S. Economy: How Much Room Is There to Grow?

Economic Trends: The Big Question for the U.S. Economy: How Much Room Is There to Grow?

The financial district in downtown Manhattan has been thriving. Buildings like Brookfield Place have filled vacant office space, and starting salaries have risen.

Why Donald Trump’s economic growth goals are a terrible idea

Nobody respectable thinks the Trump administration will be able to get U.S. growth up to its goal of four percent. Of course, nobody respectable thought Trump would be president either. The
Little Sign of a ‘Trump Bump’ in the Economic Forecast

Little Sign of a ‘Trump Bump’ in the Economic Forecast

Valdese Weavers in Burke County, N.C., is hiring, but can’t always find the right employees. “We could train an undereducated person in the past,” its chief executive, Michael Shelton, said. “But the
Movers: Trump Bump, Time Inc. and Exxon

Movers: Trump Bump, Time Inc. and Exxon

James E. Staley, the Barclays chief executive, will receive a formal reprimand and take a pay cut, the bank said.

The Week Ahead: OPEC Ministers Will Meet, and Few Surprises Are Expected From the Fed

Oil leaders will meet in Vienna to discuss ways to prop up prices, and the Federal Reserve will release meeting minutes from early May.
Expecting a Big Economic Bump? It’s Looking Less Likely

Expecting a Big Economic Bump? It’s Looking Less Likely

A container ship being unloaded in Oakland, Calif., this month. A fear of lackluster orders for durable goods is one factor leading experts to lower expectations for economic growth this year.
Hopes of ‘Trump Bump’ for U.S. Economy Shrink as Growth Forecasts Fade

Hopes of ‘Trump Bump’ for U.S. Economy Shrink as Growth Forecasts Fade

A construction site near Wall Street in Manhattan. The unemployment rate is at a 16-year low, but experts are lowering their forecasts for how fast the American economy will grow this year.
Hopes of ‘Trump Bump’ for U.S. Economy Shrink as Growth Forecasts Fade

Hopes of ‘Trump Bump’ for U.S. Economy Shrink as Growth Forecasts Fade

A construction site near Wall Street in Manhattan. The unemployment rate is at a 16-year low, but experts are lowering their forecasts for how fast the American economy will grow this year.
Predictably, China’s Year-on-Year Growth Maintains Its Steady Pace

Predictably, China’s Year-on-Year Growth Maintains Its Steady Pace

Checking a production line of water meters at a factory in Lianyungang, a port city in eastern China. Heavy spending on infrastructure and strong retail sales propelled the Chinese economy in the
Pricing a Disaster: Markets Are Signaling That Hurricane Harvey Won’t Crush the Economy

Pricing a Disaster: Markets Are Signaling That Hurricane Harvey Won’t Crush the Economy

Hurricane Harvey has left oil refineries, like this one in Texas City, Tex., partly under water.
America’s Fiscal Doomsday Machine

America’s Fiscal Doomsday Machine

This post America’s Fiscal Doomsday Machine appeared first on Daily Reckoning. David Stockman dives into the fiscal doomsday machine that will send the American economy crashing. Here's the numbers