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“US economy shrank by 1.4% as inflation takes toll on GDP” The US economy contracted by 1.4% in the most recent quarter, shrinking for the first time since the pandemic-induced recession two years ago as inflation continues to surge, according to government data released on Thursday. The Commerce Department’s estimate Thursday of the first quarter’s…
“#Goldman Sachs lowers China growth estimates as Delta variant spreads” Here we go again. That’s the warning coming out of Goldman Sachs Group about China as the continued spread of the Delta variant threatens to slow the country’s economic growth yet again. China has been locking down much of the country as the virus spreads…
“#US economy surges in first quarter as COVID recovery gains steam” The US economy surged 6.4 percent in the first quarter of the year as the US recovery from the COVID-19 pandemic picked up speed, driven by government spending and mass vaccinations. America’s gross domestic product — the value of all goods and services produced…
“#China’s economy grew 2.3 percent in 2020 despite COVID-19” China was likely the world’s only major economy to expand last year even though it was the first to suffer from the coronavirus pandemic, new data show. China’s gross domestic product — the value of all goods and services produced there — grew by 2.3 percent…
“#US GDP jumps 33.1 percent in third quarter amid COVID rebound” The US economy staged a record-setting rebound from the coronavirus crisis in the third quarter, the feds said Thursday — but there’s still a long way to go before the nation makes a full recovery. America’s gross domestic product — the value of all…
“#Social media is state media and other commentary” Tech beat: Social Media Is State Media The left is attacking New York Post reporting that exposes Hunter Biden’s “influence-peddling” as Russian disinformation, but “the funny thing about kompromat — a Russian term for compromising information — is that it is often true,” quips Jonathan Turley at…
“#Biden’s policies would strangle US economy as it’s coming back from COVID-19” America’s economy, still rebounding from the pandemic, is at major risk from Joe Biden’s economic plans, warns a new Hoover Institution paper. The Federal Reserve Bank of Atlanta just released a “running estimate” of real GDP growth for the third quarter of a…
“#IMF sees debt soaring to 100 percent of GDP due to COVID-19” Massive government spending to battle the coronavirus pandemic will push public debt to a record of nearly 100 percent of global economic output this year, but the run-up may be a one-off event if growth rebounds next year, the International Monetary Fund said…
“#Economic damage from COVID-19 may not be as bad as expected” The coronavirus pandemic may not damage the global economy as badly as previously feared, an influential group says. The Organization for Economic Cooperation and Development said Wednesday that it now expects worldwide gross domestic product — a key measure of economic health — to…