The U.S. economy expanded more than expected as President Donald Trump’s tariffs took hold over recent months, federal ...

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Experts had warned that this import-driven dip in GDP didn’t necessarily signal deeper economic problems. The contraction was slightly worse than predicted—economists had forecast a 0.2% decrease.

The reading came in lower than most economists expected. The government’s GDP formula subtracts imports in an effort to exclude foreign production from the calculation of total goods and services.

Normally, the GDP number isn't a big deal because everyone knows the formula used in the calculation. As such, analysts usually wind up arguing over a tenth of a percent or so here and there.

Like other facets of the federal bureaucracy, government-collected data could soon bear the imprints of the Trump administration. The change would likely prove costly for banks and other businesses.

Recognizing the limitations of GDP, some countries have started experimenting with alternative metrics. Notably, Bhutan's Gross National Happiness (GNH) index measures prosperity through a mix of ...

Cuba began including the items in its GDP calculations in 2003, but ECLAC said the Cuban formula was under study and began noting its reservations when publishing the Caribbean island's data.