All posts tagged "Gross Domestic Product"

A Republican lawmaker stunned CNN's John Berman when he referred to news that the economy shrunk by 3% due to President Donald Trump's machinations as "a good thing."

Berman presented Rep. Kevin Kiley (R-CA) with Wednesday morning's news that the economy has gone into reverse.

"So, GDP down 0.3% in the first quarter. It was a growth rate of 2.4% in the final quarter of last year, the first contraction since 2022. What do you think this data is telling us?" Berman asked. ...

The US economy has shrunken at its fastest rate since the depths of the recession five years ago as it emerged that the harsh winter took a far bigger toll on activity than previously estimated.

AFP - China's economic growth likely picked up slightly in the first quarter of this year, according to an AFP poll of analysts, but they say the rebound is fragile and key data unreliable.

The US economy grew at an annual rate of 3.0 percent in the fourth quarter of 2011, the Commerce Department said in its final estimate Thursday.

WASHINGTON — Greece's economy is expected to exit recession only by 2014, the International Monetary Fund said Thursday after announcing a new bailout loan for the heavily indebted country.