Typically, a recession is defined by a decline in economic activity that lasts more than a few months, the NBER says. But the U.S. economy is still chugging along, with second-quarter GDP growing 2.8%, faster than economists had expected. ...
GDP growth during Reagan’s presidency averaged just 1.9%—an improvement from the early 1980s recessions but well below the 2.6% pre-recession average (Figure 2). What’s often forgotten is the role of sky-high oil prices in shaping that era. Oil shocks sent WTI pri...
The U.S Energy Information Administration (EIA) estimates that crude oil production averages 9.7 million barrels per day and that most of the increased capacity has come from the Gulf of Mexico. Soybeans: Runner-Up To China The U.S is the top exporter ofsoybeansand has 45% market share ...
RankCountryDebt as a Percent of GDP 1 Japan 266.2 2 Sudan 259.4 3 Greece 205.2 4 Italy 161.8 5 Portugal 137.2 6 Singapore 131.2 7 USA 131.2Source: IMF How Is the US National Debt Calculated? The US national debt is subdivided into two sections: Debt held by the public Intragovernmental ho...
Affiliate marketing generates16% of all e-commerce salesin the US and Canada. Affiliate marketing in the UKdrives 1% of the country’s GDP. For something that might seem “dead,” lots of businesses and countries sure do depend on it to close more sales and grow!
"Like the Energizer Bunny, the U.S. economy just won't quit," Oxford Economics said in a January report on GDP. Grading the Trump versus Biden economies Many economists today say the U.S. is showing surprising economic resilience, dodging a recession and continuing to add jobs. ...
Australia’s ranking then slumped through the Coalition period since 2013. It is now eighth, having been overtaken by Ireland, Iceland, Denmark and the USA. Economic growth Advanced countries release GDP figures quarterly, showing by how much they have increased or decreased. The open websitetr...
GDP is the sum of investment plus the total amount of goods and services that are consumed by final users plus government spending plus the balance of international trade.Footnote 4 In short, investment expenditures are productive whereas consumption simply uses up what has been produced elsewhere;...
Right now, the Fed is forecasting that the jobless rate will inch up to 4.1% for 2024 and 2025, slightly higher than its current rate of 3.7%. That also marks a retreat from the Fed's 2022 projection that the jobless ratewould jump to 4.4%, resulting in an additional 1.2 million peopl...
between the federal government and the private sector. However, increasing global competition in technology—along with the fact that U.S. federal R&D spending as a percentage ofgross domestic product (GDP)is near its lowest point since the 1960s—has prompted the effort to reverse these trends...