GDP News Updates

GovernmentBusiness

Economic Growth Increased in Q2 to Healthy 2.8% Annual Rate

WASHINGTON — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of high interest rates.

July 25, 2024
GovernmentBusiness

Economic Growth Slowed Sharply Last Quarter to 1.6% Pace

WASHINGTON — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.

April 25, 2024
GovernmentBusiness

US Economy Grew Solid 3.2% in Fourth Quarter

WASHINGTON — The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Feb. 28.

February 28, 2024
GovernmentBusiness

US Economy Grew at Strong 3.3% Rate to End 2023

WASHINGTON — The nation’s economy grew at a brisk 3.3% annual pace in Q4 as Americans showed a continued willingness to spend despite high interest rates and price levels.

January 25, 2024
GovernmentBusiness

Q2 GDP Remains Steady at 2.1% Growth

WASHINGTON — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Sept. 28.

September 28, 2023
GovernmentBusiness

US Economic Growth for Q2 Revised Down to 2.1%

The economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs, the government said Aug. 30.

August 30, 2023
GovernmentBusiness

Economy Grew at a Faster 2.4% Rate in April-June Quarter

WASHINGTON — The U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates.

July 27, 2023
GovernmentBusiness

GDP Growth in Q1 2023 Revised to 2%

Showing resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.

June 29, 2023
Business

Economic Growth for Last Quarter Is Revised Up to 1.3%

WASHINGTON — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said.

May 25, 2023
GovernmentBusiness

US Revises Down Last Quarter’s Economic Growth to 2.6% Rate

WASHINGTON — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace. 

March 30, 2023