Is a recession defined as two consecutive fiscal quarters of falling gross domestic product, or GDP? (GDP is defined as the money value of all goods and services purchased by consumers in the country ...

As we wait for the second-quarter GDP numbers to come out at the end of this week, the White House is already playing cleanup by letting the public know that the definition of "recession" is fluid and ...

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 quarter of ...

Government spending is quite literally a part of the definition of GDP in every economics textbook. But now Commerce Secretary Howard Lutnick says he wants to take government spending out of that ...

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. That matches the ...

A key report Thursday could reveal that the nation’s economic output declined for a second straight month, meeting the informal criteria for a recession. After dropping at an annual rate of 1.6% in ...

During the first quarter, U.S. Gross Domestic Product (GDP) fell for the first time since we began emerging from the pandemic. It wasn’t a huge amount — just a 0.3% drop on an annualized basis — yet ...

The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized ...

The U.S.' economic landscape remains far from picturesque, with a housing market downturn, inflation spikes and consumer price increases darkening the landscape. Economists, investors and brokers ...