I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the remarkable growth in US GDP. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. … Read more
The US economy remained startlingly sound in the fourth quarter to finish out a remarkably great 2023 as individuals and businesses continued to spend freely despite high interest rates and price levels that have annoyed many households. Shoppers and pedestrians on Broadway in the Soho neighborhood of New York, US, on Monday, Jan. 22, 2024. … Read more
Topline Economic output expanded by 2.5% in 2023, a perhaps surprising feat considering the economy’s downtrodden state heading into the year, though growth last quarter slowed significantly. average, pace last year. Getty Images Key Facts Real U.S. gross domestic product grew 2.5% over the course of last year, according to Commerce Department data released Thursday … Read more
The US economy’s fourth-quarter growth trounced forecasts as cooling inflation fueled consumer spending, capping a surprisingly strong year that defied recession calls. Gross domestic product increased at a 3.3% annualized rate, according to the government’s preliminary estimate out Thursday. For all of 2023, the economy expanded 2.5%. Source link
Forecasters who follow the US economy found themselves in a familiar place after a recent retail sales report: revising up their estimates for GDP. Quarterly data on gross domestic product due Thursday from the Bureau of Economic Analysis is expected to show the economy expanded at a 2% annual rate in the final three months … Read more
US GDP Latest: How Much Did the Economy Grow Last Year? Bloomberg Source link
China looks all but certain to hit its growth goal of about 5% for 2023, shifting attention to whether deflation risks, the housing crisis and a lingering confidence crunch will derail efforts to build momentum this year. Data due on Wednesday will likely show China’s gross domestic product expanded 5.2% for the entirety of last … Read more
Mumbai’s $30 Billion Infrastructure Makeover: Coastal Road Project, MTHL, Metro Bloomberg Mumbai gets a makeover as India binges on bridges, roads and rail Reuters India No Bikes, Autos Allowed On India’s Longest Sea Bridge, Speed Limit Is… NDTV 22-km sea link: Gateway to a brave, new Mumbai Times of India Watch: This nighttime video of MTHL, India’s longest sea … Read more
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