CreatorsPublishersAdvertisers

#GDP

CNN, MSNBC prime-time shows skip historic 33.1% GDP growth amid economic recovery

CNN and MSNBC may still call themselves 24-hour news networks, but their most-watched shows in prime time continue to avoid some of the biggest headlines. On Thursday morning, the Commerce Department announced that the gross domestic product (GDP), the broadest measure of goods and services produced across the U.S. economy, surged by 33.1% on an annualized basis in the three-month period from July through September. The previous post-World War II record was a 16.7% increase in 1950.
POTUS
Picture for CNN, MSNBC prime-time shows skip historic 33.1% GDP growth amid economic recovery
CNBC

U.S. GDP booms at 33.1% rate in Q3, better than expected

U.S. GDP accelerated at a 33.1% annualized pace in the third quarter. That was better than the 32% estimate from a Dow Jones economist survey. A surge in business and residential investment along with stronger consumer activity helped the economy off its worst-ever quarter in Q2. Coming off the worst...
ECONOMY
Picture for U.S. GDP booms at 33.1% rate in Q3, better than expected
TRENDING TOPICS
Marketwatch

France cuts 2020 GDP forecast to 11% contraction

The French government has downwardly revised its gross domestic product forecast for 2020, with the aim of taking into account the impact of the latest coronavirus-related restrictions. The eurozone's second-largest economy is expected to contract 11% this year, the economy minister Bruno Le Maire said Friday in an interview with...
ECONOMY

Record-breaking GDP growth leaves U.S. economy in the same place as the height of the Great Recession

America just posted its biggest annualized and single-quarter GDP growth of all time. It isn't that impressive. The U.S. GDP jumped at a 33.1 percent annualized rate in the third quarter, a growth of 7.4 percent from Q2, Commerce Department records released Thursday reveal. But as Gregory Daco, the chief U.S. economist at Oxford Economics, put it in a tweet, that growth is both "record-breaking and meaningless at the same time."
POTUS
YOU MAY ALSO LIKE