Recession? Not for Big Tech.

Many companies are navigating tough times better than investors had feared.

#amazon-com-inc, #apple-inc, #facebook-inc, #google-inc, #gross-domestic-product, #inflation-economics, #microsoft-corp, #recession-and-depression, #science-and-technology, #united-states-economy

U.S. Economy Shows Another Decline, Fanning Recession Fears

Gross domestic product, in an initial reading, fell 0.2 percent in the second quarter. President Biden said any troubles would be transitory.

#biden-joseph-r-jr, #commerce-department, #consumer-behavior, #federal-reserve-system, #gross-domestic-product, #inflation-economics, #interest-rates, #recession-and-depression, #united-states-economy

Treasury Secretary Yellen said the U.S. economy was transitioning to ‘steady, sustainable’ growth.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #recession-and-depression, #united-states-economy, #yellen-janet-l

Here Are the Highlights From Today’s G.D.P. Report

Inventories were a big drag on the G.D.P. number. Construction of homes and nonresidential structures declined. And federal spending fell.

#building-construction, #consumer-behavior, #gross-domestic-product, #inflation-economics, #real-estate-and-housing-residential, #united-states-economy

Consumer spending continues to shift from goods to services.

Americans spent only a little more in the second quarter overall, as a decrease in purchases of stuff was offset by experiences.

#consumer-behavior, #food, #gross-domestic-product, #inflation-economics, #prices-fares-fees-and-rates, #restaurants, #supply-chain, #united-states-economy

Here are the highlights from today’s report.

Inventories were a big drag on the G.D.P. number. Construction of homes and nonresidential structures declined. And federal spending fell.

#building-construction, #consumer-behavior, #gross-domestic-product, #inflation-economics, #real-estate-and-housing-residential, #united-states-economy

Is the U.S. Economy Growing or Not?

One economic measure had it flailing. The other had it doing just fine.

#economics-theory-and-philosophy, #gross-domestic-product, #internal-sub-only-nl, #recession-and-depression, #united-states-economy

Biden Insists There’s No Recession as He Confronts Latest Economic Risk

Officials have tried to ditch a shorthand definition for what constitutes a recession and reassure skeptical voters about the U.S. economy.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #interest-rates, #international-monetary-fund, #midterm-elections-2022, #national-bureau-of-economic-research, #national-economic-council-us, #polls-and-public-opinion, #recession-and-depression, #united-states, #united-states-economy, #wages-and-salaries

Is the U.S. Entering a Recession? Here’s Why It’s Hard to Say.

The U.S. may register a second straight quarter of economic contraction, one benchmark of a recession. But that won’t be the last word.

#consumer-confidence-economic-indicator, #economics-theory-and-philosophy, #gross-domestic-product, #hall-robert-e, #layoffs-and-job-reductions, #national-bureau-of-economic-research, #recession-and-depression, #united-states-economy

Paul Krugman: I Was Wrong About Inflation

Some economists warned that the American Rescue Plan would be inflationary. Others, like me, were fairly relaxed.

#american-rescue-plan-2021, #economics-theory-and-philosophy, #gross-domestic-product, #inflation-economics, #keynes-john-maynard, #summers-lawrence-h, #united-states-economy

Income and Spending Rose Less Than Prices in May

After the latest monthly consumer data, some analysts expect a second straight quarter of decline in the U.S. gross domestic product.

#commerce-department, #consumer-behavior, #gross-domestic-product, #income, #inflation-economics, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy

What Is A Recession and When Is the Next One Going to Begin?

Recessions since World War II have lasted just over 10 months each, on average. The last one, which began in 2020, lasted just two months.

#federal-reserve-system, #gross-domestic-product, #inflation-economics, #interest-rates, #labor-and-jobs, #national-bureau-of-economic-research, #recession-and-depression, #stocks-and-bonds

Wall Street’s Losing Streak Ends, but Uncertainty That Drove It Lingers

As stocks have tumbled this year, predictions that the selling is over have been wrong time and again.

#consumer-behavior, #credit-and-debt, #federal-reserve-system, #gross-domestic-product, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #shopping-and-retail, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

Rising Economic Fear Batters Wall Street in April

The S&P 500 is heading for its worst monthly decline since March 2020, as rising interest rates and high inflation raise concerns about consumer sentiment.

#consumer-behavior, #economic-conditions-and-trends, #federal-reserve-system, #gross-domestic-product, #interest-rates, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

Europe’s Economy Slows to a Crawl as War and Inflation Take a Toll

The eurozone economy grew 0.2 percent in the first three months of the year, and growth in the European Union was just a touch higher.

#economic-conditions-and-trends, #europe, #eurozone, #gross-domestic-product

Economy Contracted in the First Quarter, but Underlying Measures Were Solid

The overall figure understates the recovery because inventories needed less rebuilding and consumer spending widened the trade deficit.

#commerce-department, #consumer-behavior, #gross-domestic-product, #inflation-economics, #international-trade-and-world-market, #united-states-economy

Russia’s Other Contest With the West: Economic Endurance

Which side can maintain domestic support as the war costs regular citizens could also determine the outcome in Ukraine.

#defense-and-military-forces, #demonstrations-protests-and-riots, #economic-conditions-and-trends, #embargoes-and-sanctions, #europe, #european-union, #gross-domestic-product, #international-trade-and-world-market, #north-atlantic-treaty-organization, #politics-and-government, #polls-and-public-opinion, #propaganda, #putin-vladimir-v, #refugees-and-displaced-persons, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #war-and-armed-conflicts

Fareed Zakaria Has a Better Way to Handle Russia — and China

The case for thinking strategically, not ideologically, about great power conflict.

#economic-conditions-and-trends, #european-union, #gross-domestic-product, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states, #war-and-armed-conflicts, #zakaria-fareed

Stocks lose early gains as investors weigh G.D.P. report with fears of higher interest rates.

Trading has been volatile all week, with the S&P 500 dropping on Tuesday and Wednesday.

#gross-domestic-product, #nasdaq-composite-index, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

G.D.P. Report Shows Inflation Bite in Economy

The nation’s G.D.P. has outpaced the growth rate that preceded the pandemic, until you take higher prices into account.

#coronavirus-2019-ncov, #gross-domestic-product, #inflation-economics, #prices-fares-fees-and-rates, #united-states-economy

U.S. Economy Grew 1.7% in 4th Quarter, Capping a Strong Year

The overall 2021 increase in the gross domestic product was the biggest in decades as the pandemic’s effects eased, though challenges continue.

#commerce-department, #coronavirus-2019-ncov, #coronavirus-omicron-variant, #federal-reserve-system, #gross-domestic-product, #inflation-economics, #labor-and-jobs, #supply-chain, #united-states-economy

India’s Economy Still Weak, Despite a Strong Third Quarter

Covid-19 essentially robbed the country of more than a year of badly needed economic growth. That’s lost ground that cannot be regained quickly.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #factories-and-manufacturing, #gross-domestic-product, #gross-national-product-gnp, #home-appliances, #india, #labor-and-jobs, #layoffs-and-job-reductions, #luxury-goods-and-services

Worried About Inflation? Here Are Some Reasons for Optimism.

Americans feel good about their own financial situations, but their general outlook on the economy is anything but sunny.

#debatable, #economic-conditions-and-trends, #gross-domestic-product, #inflation-economics, #united-states-economy

U.S. Economy Slowed in Third Quarter as Delta Variant Surged

New data shows how bottlenecks and the Delta variant slowed economic growth in the third quarter. Relief may be slow.

#consumer-behavior, #coronavirus-2019-ncov, #factories-and-manufacturing, #gross-domestic-product, #inflation-economics, #international-trade-and-world-market, #shortages, #united-states-economy

For Climate Change, Biden’s $3.5 Billion Plan Isn’t Big Enough

What we don’t spend now to deal with climate change will cost us much more later.

#agriculture-and-farming, #biden-joseph-r-jr, #carbon-dioxide, #disasters-and-emergencies, #drought, #global-warming, #greenhouse-gas-emissions, #gross-domestic-product, #heat-and-heat-waves, #intergovernmental-panel-on-climate-change, #manchin-joe-iii, #union-of-concerned-scientists, #united-states-economy, #united-states-politics-and-government, #weather

Evergrande Isn’t China’s Only Economic Worry

Getting the economy back on track for the long haul requires making aggressive reforms now.

#china, #china-evergrande-group, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #regulation-and-deregulation-of-industry, #xi-jinping

Should the U.S. Expand the Social Safety Net?

Readers disagree with a guest essay that argued that America cannot afford the $3.5 trillion bill now before Congress.

#biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #health-insurance-and-managed-care, #income-inequality, #law-and-legislation, #mankiw-n-gregory, #paid-time-off, #poverty, #united-states-defense-and-military-forces, #united-states-economy, #united-states-politics-and-government

Do We Need to Shrink the Economy to Stop Climate Change?

The degrowth movement argues climate change isn’t a problem we can simply innovate our way out of.

#debatable, #degrowth, #economic-conditions-and-trends, #economics-theory-and-philosophy, #global-warming, #green-growth, #gross-domestic-product

Tyler Cowen on the Great Stagnation’s End

The economist also discusses G.D.P. growth, polarization and classical music.

#audio-neutral-informative, #computers-and-the-internet, #cowen-tyler, #gross-domestic-product, #income-inequality, #politics-and-government

India’s Economic Figures Belie Covid-19’s Toll

Strong results compared with last year’s performance mask lingering weaknesses that could hold back needed job creation.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #india, #infrastructure-public-works, #labor-and-jobs, #modi-narendra, #politics-and-government, #unemployment, #vaccination-and-immunization

Biden’s Covid Recovery Package Could Hinge on Tomorrow’s Job’s Report

Hint: The employment figures only tell part of the story.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #labor-and-jobs, #productivity, #southern-states-us, #summers-lawrence-h, #united-states, #united-states-economy, #wages-and-salaries

Here’s One Thing Missing from President Biden’s Budget: Booming Growth

For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.

#biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

One Thing Missing From the Biden Budget: Booming Growth

For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.

#biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

Biden’s Budget Sees Low Inflation, Rising Debt and Slow Economic Growth

The proposal sheds new light on President Biden’s economic agenda and underscores the administration’s belief that the country’s fiscal situation is manageable.

#american-rescue-plan-2021, #biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #taxation, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

Japan’s Yo-Yoing Economy Shrinks Again as Virus Spreads and Vaccinations Lag

The country has experienced cycles of growth and contraction in domestic consumption as the pandemic has waxed and waned.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #japan, #vaccination-and-immunization

G.D.P. Growth Accelerated in the First Quarter

The U.S. economy expanded as the pandemic’s effects eased.

#american-rescue-plan-2021, #commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #coronavirus-reopenings, #gross-domestic-product, #labor-and-jobs, #stimulus-economic, #unemployment, #united-states-economy

The Economy Is (Almost) Back. It Will Look Different Than It Used To.

The recovery is profoundly unequal across sectors, unbalanced in ways that have big implications for businesses and workers.

#consumer-behavior, #coronavirus-2019-ncov, #durable-goods-economic-indicator, #gross-domestic-product, #income-inequality, #united-states-economy

As Economy Rebounds, Manufacturers Face New Hurdles

U.S. factories are humming again. But the recovery’s speed has left many employers scrambling for workers or for parts.

#american-jobs-plan-2021, #factories-and-manufacturing, #gross-domestic-product, #hiring-and-promotion, #infrastructure-public-works, #labor-and-jobs, #recession-and-depression, #shortages, #united-states-economy

Signs of Economic Hope Are Growing, Some With Superlatives

Soaring retail sales and a sharp drop in jobless claims are the latest reflection of a quickening recovery and suggest a year of remarkable growth.

#airlines-and-airplanes, #american-rescue-plan-2021, #consumer-behavior, #consumer-confidence-economic-indicator, #coronavirus-2019-ncov, #delta-air-lines-inc, #gross-domestic-product, #hiring-and-promotion, #labor-and-jobs, #shopping-and-retail, #travel-and-vacations, #unemployment, #unemployment-insurance, #united-states-economy

How the Stimulus Could Power a Rebound in Other Countries

As Americans buy more, they are expected to spur trade and investment and invigorate demand for German cars, Australian wine, Mexican auto parts and French fashions.

#china, #clarida-richard-h-1957, #europe, #european-central-bank, #eurozone, #federal-reserve-system, #gross-domestic-product, #international-trade-and-world-market, #lane-philip-richard, #romer-christina-d, #stimulus-economic, #united-states, #united-states-economy

India’s Economy Exits Deep Recession as Fledgling Recovery Strengthens

Economic output grew 0.4 percent in the third quarter, but the recovery is uneven, with small businesses facing the brunt of the downturn.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #india

On the Post-Pandemic Horizon, Could That Be … a Boom?

Signs of economic life are picking up, and mounds of cash are waiting to be spent as the virus loosens its grip.

#coronavirus-2019-ncov, #gross-domestic-product, #labor-and-jobs, #personal-finances, #productivity, #recession-and-depression, #unemployment, #united-states-economy

Japan’s Economy Surges, but Covid-19 Looms

The world’s third largest economy capped off a terrible year with a sharp rise in activity. Still, analysts say trouble lies ahead.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #japan

Europe’s Slow Pace of Vaccinations Opens Door to Recession

A double-dip recession in the European Union appears likely after the trade bloc reported a decline in economic output in the last quarter of 2020.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #europe, #european-union, #eurozone, #gross-domestic-product, #recession-and-depression, #vaccination-and-immunization

The Economy Does Much Better Under Democrats. Why?

G.D.P., jobs and other indicators have all risen more slowly under Republicans for nearly the past century.

#blinder-alan-s, #democratic-party, #federal-taxes-us, #gross-domestic-product, #labor-and-jobs, #presidents-and-presidency-us, #republican-party, #united-states-economy, #united-states-politics-and-government, #watson-mark-w

Modi’s Budget for India Reflects Stark Choices

Health care and infrastructure spending received significant increases, but fears about inflation could hold back efforts to get the economy surging again.

#budgets-and-budgeting, #coronavirus-2019-ncov, #defense-and-military-forces, #economic-conditions-and-trends, #gross-domestic-product, #india, #inflation-economics, #internal-storyline-no, #politics-and-government, #rationing-and-allocation-of-resources, #stimulus-economic

U.S. Economy Grew 1 Percent in the Last Quarter

The economy has regained roughly three-quarters of the output lost during the collapse last spring, and only a bit more than half of the jobs.

#commerce-department, #coronavirus-aid-relief-and-economic-security-act-2020, #gross-domestic-product, #labor-and-jobs, #stimulus-economic, #united-states-economy

An ‘Electrifying’ Economist’s Guide to the Recovery

Mariana Mazzucato, a professor who has the ears of world leaders and chief executives, envisions a post-pandemic world that redefines what is valued.

#capitalism-theory-and-philosophy, #gross-domestic-product, #income-inequality, #mazzucato-mariana, #politics-and-government, #women-and-girls, #womens-rights

Racism Impoverishes the Whole Economy

While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans.

#bell-laboratories, #black-people, #boards-of-directors, #civil-rights-movement-1954-68, #colleges-and-universities, #discrimination, #education-k-12, #forbes-magazine, #gross-domestic-product, #hispanic-americans, #income-inequality, #innovation, #inventions-and-patents, #michigan-state-university, #minorities, #musk-elon, #race-and-ethnicity, #research, #scholarships-and-fellowships, #small-business-administration, #united-states-economy, #venture-capital, #wages-and-salaries, #women-and-girls

Japan’s Economy Surges as Covid-19 Limits Ease

Activity has jumped as pandemic limits have eased, in a positive sign for global growth, but damage may be deeper than the initial numbers showed.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #japan, #politics-and-government