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The deficit-to-GDP ratio of 16 percent in 2020 comes after an explosion in federal spending amid the coronavirus pandemic designed to bolster the economy and shield millions of American workers ...
The pandemic crashed the American economy into a $2 trillion hole. A sizzling summer rebound got the economy about two-thirds of the way back. Now comes the hard part.
On October 29th the Bureau of Economic Analysis reported that American GDP rose at an annual pace of 33% in the third quarter, compared with the second. The rate in this case is doubly misleading.
The US economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday.
The U.S. economy contracted 3.5% on an annual basis in 2020, which is the sharpest annual decline since the end of World War II. It was the worst of times but also the best of times.
As America's second quarter GDP takes a record plunge, here are clues to the economy that awaits us on the other side of this COVID-19 nightmare. A mixed picture for entrepreneurs. This will be ...
Another major area of loss offers some alarm. American exports of services are 25 percent below pre-pandemic levels, representing a $193 billion annualized loss of economic activity.
The American economy also has particular strong points which have bred more strength. Possessing the world’s deepest financial markets has made it easier for startups to raise equity, a better ...