The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, ...

In his words, “In other major economies, consumers contribute 50 to 75% of gross domestic product; in China, 40%.” Ip is specific that the latter weighs on GDP, and it does, which very neatly ...

Gross domestic product, a better-known measure of inflation-adjusted output, shrank during both periods, at a 1.6 percent rate in the first quarter and a 0.6 percent rate in the second.

The new estimates show that gross domestic product, adjusted for inflation, grew faster in 2021, 2022 and early 2023 than initially believed. By Ben Casselman. Sept. 26, 2024.