That’s partly because household finances are healthy, says economist Paul Ashworth of Capital Economics. Household debt costs are about 9% of disposable income, Ashworth notes. That compares to ...

A high-definition one five feet across just cost us about $650, and we expect it to last for years, service free. In myriad industries and markets, capabilities have multiplied while prices have ...

Making tanks and bullets brings limited economic benefits. That means NATO members’ pledge to spend 5% of GDP on defence will ...

Revisions to GDP in the fourth quarter of 2008, for example, revealed that economic activity actually plunged by an annualized -8.4%, indicating a much deeper recession than the initial estimate ...

America's GDP fell at a 0.9% annualized rate in the second quarter, a preliminary estimate from the Bureau of Economic Analysis showed Thursday morning. The report marks the second straight ...

GDP is a measure of flow, not a balance sheet of assets and liabilities. It measures new lumber, gasoline or steel cranked out, but is not adjusted for trees cut down, oil pumped or iron ore mined.

The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday.

T he easiest way to be wrong in economics is to reason from an accounting identity. That’s because an accounting identity tells you how things add up, not why they change. Treating it like a ...

As Secretary Yellen said on Sunday, two negative quarters of GDP growth is not the technical definition of recession. It's not the definition that economists have traditionally relied on.

At the time the former definition of GDP was adopted, R&D was much less significant than what it is today (although even then, it wasn’t nothing). In the US, non-defense R&D amounts to about half of ...