U.S. posts weakest growth of pandemic recovery on supply issues, COVID surge | Crain's Detroit Business
U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment.Gross domestic product expanded at a 2 percent annualized rate following a 6.7 percent…
The U.S. economy contracted 4.8% in the first quarter of 2020. With the coronavirus crisis continuing into the summer, economists are expecting an even steep...
Genuine Progress Indicator - Gross National Happiness USA
Genuine Progress Indicator takes into account the well-being of a nation by incorporating environmental and social factors which are not measured by GDP.
US recovery from pandemic recession is showing momentum
Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses. The number of people seeking unemployment aid — a rough reflection of layoffs — last week reached its lowest point since the pandemic struck. Economists say that widespread vaccinations and declining viral cases, the reopening of more businesses, a huge infusion of federal aid and healthy job gains should help sustain steady growth.
US consumers rebound to boost spending 2.4% as income jumps
WASHINGTON (AP) — Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the...
U.S. Economy Slows Sharply As Pandemic Resurges : NPR
The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a rise in coronavirus infections weighed on in-person businesses like restaurants.
World Bank sees subdued recovery in 2021 and plenty of risk
WASHINGTON (AP) — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is...