The frontrunner in the Czech election intends to break Prague’s pledge to raise defence spending to 5 per cent of GDP if he wins office, joining Spain in rejecting the target demanded by US President ...

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.

Meanwhile, GDP growth has been averaging about 2.75% a year. Schoenberger said there are big caveats to keep in mind with January’s jump in imports. For one, that surge probably won’t last.