This week has been witness to a veritable inundation of data, including headline macroeconomic reports on jobs, inflation and ...

Shipping containers at the Port of Los Angeles on April 3. The latest US GDP report showed that goods imports rose by 51% in the first quarter, the fastest pace since 2020. Mario Tama/Getty Images ...

New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.

GDP is significant because it offers insight into the bedrock activity level upon which all economic outcomes depend, Mark Zandi, chief economist at Moody's Analytics, told ABC News.

GDP continued its upward trajectory through 2023 and 2024. In 2024, the U.S. GDP grew 2.8%, just slightly below the 2.9% increase in 2023.

Forecasters surveyed by the Federal Reserve Bank of Philadelphia in May anticipate real GDP to increase 1.4 percent in 2025, though that's down 1.0 percentage points from the same survey in February.

In its baseline outlook, the committee expects global economic growth to slow down significantly. Global real GDP growth is projected to decline from 3.5 per cent in 2024 to 2.5 per cent in 2025.

The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help ...

Between the Trump administration wanting to change how GDP is calculated and DOGE accessing sensitive government information, statistical agencies are under the microscope. Can we still trust ...

What is GDP? A simple way to define Gross Domestic Product is to break down the three words making up the term: Gross is the total market value of how much goods and services cost in the ...

GDP tells us how much the economy grew or shrank, governments look to it when crafting economic policy, investors watch it to decide where to route flows of money.