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Immigrant workers in the U.S. bring their knowledge of foreign markets and customs, which might be boosting international trade and U.S. GDP

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Good morning. In print today: India’s GDP growth slips to 11-year low; #UAE  expat grows vegetables, runs poultry farm at villa; Why is #Minneapolis  burning?

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Watch | GDP growth dips to 3.1% in Jan-Mar quarter, 4.2% in 2019-2020

The pandemic of 1918–19 cut the United States’ real GDP and consumption by no more than 2 percent. @WalterScheidel  considers what the pandemic response then and now reveals about the tradeoffs people are and are not willing to accept:

At 4.2%, growth rate in FY20 is the slowest in over a decade. But more worrying is the unprecedented sharp downward revision to GDP growth in Q1, Q2 & Q3. What does it mean for the sanctity of the data & growth going forward? @Latha_Venkatesh 

"We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent," Chidambaram tweeted.

Data released by the National Statistical Office (NSO) on Friday also showed overall GDP growth in 2019-20 slowing to an 11-year low of 4.2%

A day after India released figures revealing that last year's GDP hit a 11-year low, woke up to this missive from the prime minister about everything this government has accomplished.

Before the 2008-09 crisis, the Indian economy had shown a high growth rate of about 8% on average. Before the current crisis, the GDP had been consistently sliding since 2016-17, writes D K Srivastava. #IndianEconomy 

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If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!

“President Trump would need a magic wand to get to 4% GDP,” stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun.

For the record, Denmark is only at 1.35% of GDP for NATO spending. They are a wealthy country and should be at 2%. We protect Europe and yet, only 8 of the 28 NATO countries are at the 2% mark. The United States is at a much, much higher level than that....

What good is NATO if Germany is paying Russia billions of dollars for gas and energy? Why are there only 5 out of 29 countries that have met their commitment? The U.S. is paying for Europe’s protection, then loses billions on Trade. Must pay 2% of GDP IMMEDIATELY, not by 2025.

....Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!

3.1 GDP FOR THE YEAR, BEST NUMBER IN 14 YEARS!

Just out: RealGDP for First Quarter grew 3.2% at an annual rate. This is far above expectations or projections. Importantly, inflation VERY LOW. MAKE AMERICA GREAT AGAIN!

The idea of a European Military didn’t work out too well in W.W. I or 2. But the U.S. was there for you, and always will be. All we ask is that you pay your fair share of NATO. Germany is paying 1% while the U.S. pays 4.3% of a much larger GDP - to protect Europe. Fairness!

Always heard that as President, “it’s all about the economy!” Well, we have one of the best economies in the history of our Country. Big GDP, lowest unemployment, companies coming back to the U.S. in BIG numbers, great new trade deals happening, & more. But LITTLE media mention!

Our Country is doing so well in so many ways. Great jobs numbers, with a record setting December. We are rebuilding our military. Vets finally have Choice & Accountability. Economy & GDP are strong. Tax & Reg cuts historic. Trade deals great. But we MUST fix our Southern Border!

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