Thus, in our baseline scenario, we forecast the federal budget deficit as a share of GDP to rise slightly from the 6% expected in 2024 to 6.2% in 2025 before falling in the outer years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falli...
First, China's nominal GDP grew 4.6 percent last year, trailing behind the 6.3 percent increase seen in the US. However, the narrative shifts when factoring in inflation for each nation, or in China's case, disinflation. In that calculation, China's GDP would exceed that of the US, with...
GDP Report Shows US Growth Surged, but Will It Last in 2010?US GDP report marks a strong fourth quarter but economy watchersshouldn't rejoice just...By BelsieLaurent
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The town of Asheville, North Carolina, is known for its artists and restaurants Associated PressDec. 12, 2024 Memphis Police Use Excessive Force and Discriminate Against Black People, Justice Department Finds The Memphis Police Department uses excessive force and discriminates against Black people, acc...
Kentucky Gov. Andy Beshear has laughed off some unflattering comments aimed at him on social media in the past year, and had his teenage son translate what one barb meant Associated PressJan. 2, 2025 Kentucky Attorney General Finds No Requirement to Use Tax Dollars to Pay for Inmate Gender ...
Xie, who is also a member of the 14th National Committee of the Chinese People's Political Consultative Conference, China's top political advisory body, said that despite the unfavorable factors, China still achieved GDP growth of 5.2 percent in 2023, maintaining its contribution of more than 30...
When you are trying to gauge an accurate US inflation forecast for the next 5 years, it’s important to consider key economic indicators. Jobs Data The unemployment rate was unchanged at 4.1% in October 2024, while the actual number of people out of work was around seven million, according...
Amid stubborn inflation that shows no sign of abating, US gross domestic product (GDP) growth slowed significantly to an annual rate of 1.6 percent in the first quarter, marking a sharp drop from the 3.4 percent in the f...
Woman Driving Drunk Who Killed Bride Still in Her Wedding Dress Sentenced to 25 Years in Prison A woman who admitted to drinking and who was driving well over twice the speed limit when she smashed into a golf cart killing a bride who had just got married at a South Carolina beach has ...