Us Economy: How Strong Is It?

The most recent GDP report was the best since 2014. The White House predicts growth topping 3 percent for the calendar year, which would be a first since the Great Recession. Here's a deeper look at the trends.

Topics:  gdp   the white house   great   recession   
BING NEWS:
  • Dow leaps over 400 points to record close as investors welcome signs of robust economy
    The Dow surged 426 points to a record close Friday, and all three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world’s biggest ...
    11/22/2024 - 8:21 am | View Link
  • Poll: Republicans reverse views on economy and election fraud after Trump’s win; much smaller shifts among Democrats
    The latest Yahoo News/YouGov results illustrate the powerful effect that partisanship can have on people’s perception of reality.
    11/22/2024 - 5:57 am | View Link
  • Republicans Reverse Course on the Economy After Trump and GOP Victory, Pushing Consumer Sentiment Up in November
    The shift in expectations about the economy’s future was driven by Republicans getting happier as Democrats turned sour.
    11/22/2024 - 3:47 am | View Link
  • China’s Plan B to Save the Economy: A Crusade Against Busywork
    When China’s top leaders pledged to act more aggressively to stimulate economic growth, they rounded off their remedies with a political order: Have fewer meetings and cut the busywork.
    11/22/2024 - 3:47 am | View Link
  • Economy gets boost after election on hopes of lower interest rates and pro-business Trump presidency, survey finds
    The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about falling interest rates and the prospect of a pro-business Trump administration ...
    11/22/2024 - 2:48 am | View Link
  • More
BING SEARCH:
  • 2024 Current State of the Union: US Economy
    How is the US economy doing? US gross domestic product (GDP) increased 1.9% in 2022 and another 2.5% in 2023. Year-over-year inflation — the rate at which consumer prices increase — was 3.1% in January 2023. The Federal Reserve raised interest rates seven times in 2022 and four times in 2023.
    11/22/2024 - 1:08 am | View Website
  • What is the current state of the US economy?
    Spending on the economy. In fiscal year 2020, governments spent a combined total of $702.4 billion on the economy. That’s $2,119 per person. USAFacts categorizes government budget data to allocate spending appropriately, and to arrive at the estimate presented here. Government spending on the economy tends to increase in times of economic ...
    11/22/2024 - 12:11 am | View Website
  • Just the Facts About the US Economy | USAFacts
    Our GDP was over $27 trillion in 2023. We went from 2.5% growth in 2019 to negative 2.2% in 2020 when COVID hit, to a surge of 5.8% in 2021, during the recovery, and now to about 2.5% in 2023. In 2023, real GDP per person in the United States reached a high of $81,624, which is up 2% from 2022.
    11/21/2024 - 10:52 pm | View Website
  • Economy articles
    Economy Are groceries more expensive than last year? Grocery store food prices increased 1.3% from September 2023 to September 2024, and increased 11% from 2021 to 2022 – the largest annual increase in 40 years.
    11/21/2024 - 2:38 pm | View Website
  • 2024 Current State of the Union: US Standard of Living ...
    Economy US gross domestic product (GDP) increased 1.9% in 2022 and another 2.5% in 2023. Year-over-year inflation — the rate at which consumer prices increase — was 3.1% in January 2023. The Federal Reserve raised interest rates seven times in 2022 and four times in 2023.
    11/21/2024 - 10:57 am | View Website
  • More
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