For all the trepidation about world trade, debt and inflation, it could well be worker shortages that define economic trends this year - on both sides of the Atlantic.

The consensus forecast sees gross domestic product growing at an annualized rate of just 0.5%, and the Atlanta Fed projects that the economy actually shrank 1.6%.

In the U.S., the Federal Reserve's target inflation is 2%.This means businesses can increase prices by 2% each year, and it shouldn't impose a cost burden on consumers. Workers can also ask for a ...

Inflation is almost at the Fed's 2% inflation target, and interest rates are expected to fall in 2024: These will define the economy in 2024.

Official Recession Definition. During a recession, the economy struggles, people lose work, companies make fewer sales and the country’s overall economic output declines.

The report marks the second straight quarter of declining inflation-adjusted GDP — a situation commonly used to define a recession. GDP tumbled at a 1.6% rate in the first quarter.

A post-COVID surge in migration has been halted by tougher immigration enforcement from the Trump Administration, impacting ...

A Goldilocks economy has steady economic growth, that prevents a recession but not so much growth that inflation rises by too much. It's an ideal state for an economy.

In 2016, Brookings research reported that the 2,584 mostly small town and rural counties that powered Trump into the presidency generated just 36 percent of the country’s GDP, meaning red ...

New economy, old rules: Why 1989 shouldn’t define 2025 ... Real gross domestic product (GDP) increased at an annual rate of 2.45% in the fourth quarter of 2024.