U.S. economic growth likely accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to log its best performance in nearly four decades in 2021.
— Read on www.reuters.com/world/us/us-economy-likely-regained-steam-q4-2021-growth-seen-best-37-years-2022-01-27/
Tag: US Economy
US economy grew at 2.3% rate in Q3, up from earlier estimate
WASHINGTON (AP) — The U.S. economy grew at a 2.3% rate in the third quarter, slightly better than previously thought, the Commerce Department said Wednesday. But prospects for a solid rebound going forward are being clouded by the rapid spread of the latest variant of the coronavirus. The third and final look at the performance of the gross domestic product, the nation’s total output of goods and services, was higher than last month’s estimate of 2.1% growth. The new-found strength came primaril
— Read on ca.finance.yahoo.com/news/us-economy-grew-2-3-134219930.html
US economy: Plenty of growth, not enough workers or supplies
WASHINGTON (AP) — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs. Barely more than a year after the coronavirus caused the steepest economic fall and job losses on record, the speed of the rebound has been so unexpectedly swift that many companies can’t fill jobs or acquire enough supplies to meet a pent-up burst of customer demand. “Things exploded — it was like a light switch,” said Kirby Mallon, president of Elmer Schultz Services, a family-owned Philad
— Read on ca.finance.yahoo.com/news/us-economy-plenty-growth-not-140505295.html
GDP report to show a damaged economy sliding into recession
WASHINGTON — The U.S. economy began 2020 riding the crest of a record-long expansion with every expectation that its 11th year of growth would not be its last.Then the economy screeched to a sudden halt. And now it’s in free-fall.On Wednesday, the government will offer a glimpse of how dark the picture
— Read on ca.finance.yahoo.com/news/gdp-report-show-damaged-economy-040314865.html
‘There’s more room to fall’ in this market, Wharton’s Jeremy Siegel warns
“I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it’s going to be worrisome,” Jeremy Siegel says.
— Read on www.cnbc.com/2019/08/23/theres-more-room-to-fall-in-this-market-whartons-jeremy-siegel-warns.html