Beyond GDP: Three Other Ways to Measure Economic Health
Gross domestic product is the most popular economic health indicator, but some organizations and agencies also look to measures that weigh factors like residents’ health and education.
(20) Stephen Day @VCUEconEd on Twitter: "RT @NAEEnet: Where are you headed this summer? Check out this graph on the impact of travel and tourism on GDP across the world! #TeachEc…" / Twitter
Where are you headed this summer? Check out this graph on the impact of travel and tourism on GDP across the world! #TeachEcon pic.twitter.com/YX7krjsC4p— NAEEnet (@NAEEnet) May 31, 2023
Worksheet – GDP Related news articles: Consumption, the biggest component of US GDP, looks fragile (Fxcm.com, April 2023) and Americans are flocking to movie theaters. Could it be a recession warning? (Quartz, April 21, 2023) Summary: This worksheet could be used for in-class or homework practice...
U.S. economy losing momentum as retail sales post biggest drop in 12 months
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.
Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2022 | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.
US economy returned to growth last quarter, expanding 2.6%
WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy's health has emerged as a paramount issue.
Don't be fooled by a strong GDP report | CNN Business
Imminent recession is the topic du jour. From Goldman Sachs to the IMF, analysts and economists seem to agree that an economic downturn is coming for the United States in early 2023. That's why it's so surprising that the US economy is expected to show robust growth in Thursday's third-quarter GDP report.
U.S. retail sales unchanged; consumers showing resilience
U.S. retail sales were unexpectedly flat in September as households cut back on purchases of motor vehicles and other big-ticket items like electronics and appliances amid stubbornly high inflation and rapidly rising interest rates.
Analysis: Climate change, scarcity chip away at degrowth taboo
Degrowth - the idea that a finite planet cannot sustain ever-increasing consumption - is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity.
Despite ripple effects from conflict and inflation, global growth continues. According to the IMF, the global GDP will hit $104 trillion by end of year.
Econ Exploder: GDP : The Indicator from Planet Money
The Bureau of Economic Analysis released their quarterly gross domestic product report this week. It showed GDP shrank at an annualized rate of 1.4%. Not good. But there's a mix of stories in the details. We explain with the help of a bit of music.