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FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. Photo by REUTERS/Leah Millis/File Photo

Economy Sep 16

Federal Reserve sees interest rates near zero, at least through 2023

By Christopher Rugaber, Associated Press

World Sep 16

Report finds global economic outlook not as bad as expected

The global economy is expected to rebound and grow by 5 percent next year, the Organization for Economic Cooperation and Development said in a report.

By Associated Press

Economy Aug 19

Majority of economists expect a recession by 2021, survey finds

Thirty-four percent of economists surveyed by the National Association for Business Economics said they believe a slowing economy will tip into recession in 2021, while 38% predict a recession will occur in 2020.

By Associated Press

Making Sen$e Jul 30

A man walks his dog past a mural depicting factory workers in the historic Pullman neighborhood in Chicago November 20, 2014. Photo by Andrew Nelles/Reuters
What is GDP and is it the best way to measure the economy?

Since the Great Recession, economists have increasingly questioned whether GDP is the best way to measure an economy’s health, and whether it disregards key factors that affect people’s well-being.

By Gretchen Frazee

Economy Jul 26

People shop at an H&M store during the grand opening of the The Hudson Yards development, a residential, commercial, and retail space on Manhattan's West side in New York City, on March 15, 2019. Photo by Brendan McDermid/Reuters
U.S. economy’s growth slows to 2.1 percent in 2nd quarter

The nation's gross domestic product grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department estimates.

By Martin Crutsinger, Associated Press

Jun 07

U.S. consumer borrowing rose $17.5 billion in April

By Martin Crutsinger, Associated Press

Consumer credit is a key indicator of the willingness of households to increase borrowing to support consumer spending, which accounts for 70 percent of economic activity.

Continue reading

Apr 26

U.S. economy grew 3.2 percent in Q1. Could that alleviate recession worries?

By Gretchen Frazee

GDP outpaced expectations in the first three months of 2019, but lackluster consumer spending has some economists predicting growth will dip later this year.

Continue reading

Jan 19

Watch 7:25
Can China use the slowdown to change its economy?

By PBS NewsHour

China's economy grew last year at the slowest pace since 1990, at a lower-than-expected rate of 6.9 percent. Jeffrey Brown talks to Ken Lieberthal of the Brookings Institute and Cornell economist Eswar Prasad about what that means for China and…

Continue watching

May 13

How Piketty’s inequality theory explains Mr. Darcy’s wealth

By Thomas Piketty

French economist Thomas Piketty has made a splash with his prediction that inequality will grow in America. But the economic relationship that explains that inequality is hardly new; it's the same phenomenon that allowed Pemberley Mansion to enrich Mr. Darcy…

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Apr 29

From machines to manicures, what goes into the GDP these days?

By Steve Landefeld

Its critics call the GDP an outdated metric that's ill-suited to assessing America's economic health. But it's a constantly evolving measurement, says Steve Landefeld, head of the agency that calculates it, that now includes the value of long-running American TV…

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Full Episode
Wednesday, Jan 27

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