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The U.S. economy expanded more than expected as President Donald Trump’s tariffs took hold over recent months, federal ...
"It's a huge week – this is the Super Bowl for economic data," Michael Jones, an economist at the University of Cincinnati, ...
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.
U.S. gross domestic product, or GDP, declined at a 0.3% annualized rate over three months ending in March. The figure marked a sharp dropoff from 2.4% annualized growth over the final three months ...
U.S. gross domestic product, or GDP, declined at a 0.3% annualized rate over three months ending in March. The figure marked a sharp dropoff from 2.4% annualized growth over the final three months ...
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.
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.
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.
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