Category: GDP

The economy is flashing a worrying signal that hasn’t been seen since right before the 2008 crisis

Andrew Burton/Getty Images The US economy is flashing a worrying signal about the health of the consumer. The gap between growth of GDP and gross domestic income hasn’t been this large since 2007, Macquarie said. “All this doesn’t augur well for consumer spending going forward.” The US economy could be in worse shape than previously thought. That’s evidenced by a worrying indicator, which hasn’t flashed…

Markets are betting the US can avoid a recession, even as more than half the 50 states are seeing their...

President Joe Biden delivers remarks about his administration’s approach to artificial intelligence during an event in the East Room of the White House on October 30, 2023, in Washington, DC. Chip Somodevilla/Getty Images Investors are optimistic about the economy even as half of US states show signs of slowing down.  The number of states showing economic contraction in the three months to October jumped from…

Don’t be fooled by strong economic growth. A recession could still be right around the corner.

Getty Raymond James expects a recession to hit the US economy within the next nine months. The investment firm said it wouldn’t be a surprise if the economy showed strong growth right before a recession started. “In the last 12 recessions, the quarter before the economy went into a recession, growth was positive and robust.” Investors shouldn’t be fooled by strong GDP growth in the…