Tag: GDP

U.S. economic growth for the third quarter of 2023 hit 5.2% on an annual basis, outperforming the government's expectation of 4.9% growth. This is a sharp rise from the 2.1% economic growth attained from April through June as well as the largest U.S. GDP...

U.S. stocks declined on Thursday as investors digested the latest round of GDP data. Estimates on Thursday showed that the U.S. economy's GDP for the second quarter came in at an unchanged 2.1%. The tech-heavy Nasdaq Composite index declined by around 0.3%, while the...

Canada's economy is expected to contract by 0.2%, Statistics Canada claimed on Friday. This comes after Statscan revealed that Canada's Gross Domestic Product (GDP) rose by 0.3% in May. This figure fell in line with analysts' previous estimates of a 0.3% rise in May. For...

The latest influx of economic data from China on Monday is expected to show that the nation's post-pandemic economic recovery is quickly fading. This increases the calls for Beijing to roll out more economic stimulus measures to prop up consumer confidence. China's Gross Domestic Product...

Goldman Sachs Group Inc. reduced its forecast for China's GDP growth given the government's delay in rolling out a stimulus package to support the country's vulnerable economy in the face of a stuttering post-pandemic rebound. The State Council—China's cabinet—was largely expected to announce on Friday a...

Data from the European statistics agency Eurostat released on Thursday revealed that the eurozone slipped into a recession during the first three months of 2023. This comes after a downward revision of growth in both the first quarter of 2023 and the last quarter...