GDP growth News

GDP growth News From AOL News

China Surpasses Japan as World's No. 2 Economy

For the past three years, China has boasted that it was the world's second-largest economy -- a title held by Japan since 1968. Japanese economists normally downplay such claims but finally accepted today that their country had been eclipsed by its fast-growing neighbor. According to official figures from Japan's Cabinet...

Corporate Profits Soar to Record Levels, but Little Evidence of Trickle Down Yet

(Nov. 23) -- When it comes to the nation's economy, is the glass half full or half empty? On Tuesday, the U.S. Department of Commerce revised its figures for how fast the nation's economy grew in the third quarter. GDP measured 2.5 percent, up 0.3 percentage points from the original estimates of 2.2 percent. A range of...

Sluggish Economy May Be Bad News for Democrats

WASHINGTON (July 30) -- New government data showing the economic recovery moving at a snail's pace may have been the last thing congressional Democrats wanted to take with them as they rush home to campaign during the summer recess. The U.S. Commerce Department reported today that second-quarter economic growth slowed to...

US Economy Grows at Fastest Pace Since 2003

(Jan. 29) -- The Commerce Department reported today that the U.S. economy grew at its fastest pace in six years at the end of 2009. Although consumer spending rose at a better-than-expected annualized rate of 2 percent, it was the replenishment of company stockpiles that proved the main factor, which can often point to...

How Job Shortage Is Holding Back Economy

(Nov. 24) -- We know what the economy did last summer, and it wasn't that great. Though Americans were producing more goods and services than during the recession, new numbers from the government show a slower pace of growth than previously thought and suggest the dour job market could block a quicker revival. The...