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 News Hour 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… Continue reading
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 By Steve Landefeld Its critics call the GDP an outdated metric that's ill-suited to assessing America's economic health.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… Continue reading
Apr 28 GDP rules the world, but should it? By Zachary Karabell Gross Domestic Product is the king of all statistics, across the world, says author Zachary Karabell. But what was a good metric for 1950s economies, he says, is ill suited to measuring economic health in 2014. Continue reading
Jan 30 Watch Despite Fall in GDP, U.S. Economic Fundamentals Show Forward Momentum Despite Fall in GDP, U.S. Economic Fundamentals Show Forward Momentum… Continue watching
Oct 29 Watch Economy Shows New Signs of Growth, but Jobs Still Lag The U.S. economy ended a year of contraction in the third quarter, expanding by 3.5 percent. While much of the growth is being attributed to President Obama's $787 billion stimulus plan, critics continue to ask, when will jobs return?… Continue watching
Oct 29 U.S. Economy Rebounds 3.5% in Third Quarter The U.S. economy expanded at a 3.5 percent annual pace from July to September, according to Commerce Department figures released Thursday, in a signal that the worst recession since the 1930s may be easing. Continue reading
Oct 14 Retail Sales Up, but Auto Sales Sag Without ‘Clunkers’ By Dave Gustafson Retail sales for September fell by the largest amount this year, though most of the drop is attributed to cars sales plummeting at the end of the government's popular 'cash for clunkers' program. Continue reading
Aug 27 Watch Other News: Bomber Kills 19 Pakistani Border Guards In other news, 19 border guards were killed Thursday when a security checkpoint in Pakistan was hit by a suicide bomber, and an American service member was killed in Afghanistan. Continue watching