In this scenario, GDP will rise more rapidly than the baseline forecast through to 2029. Between 2025 and 2029, this scenario expects GDP to rise at an average annual rate of 2.7%, which is 0.7 percentage points above the average in the baseline forecast. With fewer tariffs in place, this...
"Today’s GDP report shows how far we’ve come since I took office—from the worst economic crisis since the Great Depression to the strongest economy in the world,'' President Joe Biden said. Other recent economic reports have also pointed to a still-healthy economy. ...
In the dynamic world of international relations, fostering collaboration and nurturing partnerships is vital for a prosperous global future. This is especially true for the United States and China, the two largest economies in the world. As a US citizen who has lived and worked in Beijing for a...
The state's tech sector accounts for 21.8 percent of its economy, the highest percentage in the US, and 57 percent of all services exported by Washington state are in technology-related fields, Fong said. He also highlighted "fan...
Without having a sense of what is the proper neutral rate, it's difficult for Fed officials to know how high to set interest rates, said Kashkari, who noted that he has raised his own projections of the long-term interest rate by half a percentage point to 2.5%. The Fed currently has...
In the list of best states for jobs, New Hampshire claims the top spot with an impressive2% unemployment rate, less than half the national average of 4.1%. The Granite State stands out for its robust job security and notably low percentage of workers living in poverty, indicating strong compe...
Republican Rep. Mariannette Miller-Meeks is headed back to Congress after winning her reelection bid Associated PressNov. 27, 2024 The World Food Prize Foundation Announces Changes to Expand International Reach An Iowa-based group that strives to alleviate world hunger is announcing a leadership chang...
Gross Federal Debt: Annual: Percentage of GDP (%) 122.300 2023 yearly 1940 - 2023 Foreign Trade Last Frequency Range Forecast: Exports of Goods Growth (%) 2.645 2029 yearly 1980 - 2029 Trade Balance (USD mn) -98,257.0 Oct 2024 monthly Jan 1986 - Oct 2024 Total Exports (USD mn)...
Consumer optimism in the United States increased six percentage points, reaching 47 percent in the fourth quarter, while pessimism held steady and mixed feelings about the economy fell slightly. This surge in positive sentiment was likely fueled by encouraging economic data and a stock market ...
US currency hits strongest level in two years after central bank signals only half a percentage point of reductions in 2025 Brazilian economy Brazil currency sell-off piles fiscal reform pressure on Lula Investors issue warning after central bank burns through billions of dollars and lifts rates in...