Gross domestic product

July 27, 2018 - 8:33 am
WASHINGTON (AP) — The economy grew at a slightly slower pace last year than previously believed, but Americans' saving rate was a lot higher, thanks to a flood of previously unreported income. Those are some of the findings in the government's latest comprehensive revision of its report on the...
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President Donald Trump and first lady Melania Trump leave Winfield House, residence of the U.S. Ambassador, before boarding Marine One helicopter for the flight to nearby Blenheim Palace, Thursday, July 12, 2018, in London. (AP Photo/Pablo Martinez Monsivais)
July 12, 2018 - 6:37 pm
BRUSSELS (AP) — The Latest on President Donald Trump's trip to Europe (all times local): 12:25 a.m. President Donald Trump says he thinks Britain's ex-foreign Secretary Boris Johnson would make an "excellent" prime minister. The comment was published in The Sun newspaper just as Trump was leaving a...
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President Donald Trump and German Chancellor Angela Merkel during their bilateral meeting, Wednesday, July 11, 2018 in Brussels, Belgium. (AP Photo/Pablo Martinez Monsivais)
July 11, 2018 - 11:09 pm
BRUSSELS (AP) — Under fire for his warm embrace of Russia's Vladimir Putin, President Donald Trump jolted the NATO summit Wednesday by turning a spotlight on Germany's ties to Russia and openly questioning the value of the military alliance that has defined American foreign policy for decades...
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President Donald Trump, right, walks away after being greeted by NATO Secretary General Jens Stoltenberg, left, before a summit of heads of state and government at NATO headquarters in Brussels on Wednesday, July 11, 2018. NATO leaders gather in Brussels for a two-day summit to discuss Russia, Iraq and their mission in Afghanistan. (AP Photo/Pablo Martinez Monsivais)
July 11, 2018 - 8:59 pm
BRUSSELS (AP) — The Latest on President Donald Trump's trip to Europe (all times local): 2:50 a.m. President Donald Trump has jolted the NATO summit in Brussels by turning a spotlight on Germany's ties to Russia and openly questioning the value of the military alliance that has defined American...
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FILE- In this Jan. 30, 2018, file photo, several ship to shore cranes work a vessel at the Georgia Ports Authority's Port of Savannah loading and unloading container in Savannah, Ga. On Thursday, June 14, the International Monetary Fund issues its annual assessment of the U.S. economy at a news conference with IMF Managing Director Christine Lagarde. (AP Photo/Stephen B. Morton, File)
June 14, 2018 - 1:34 pm
WASHINGTON (AP) — The International Monetary Fund believes the U.S. economy will post solid growth this year and next, helped by a sizable boost from tax cuts. But then it says growth will slide as huge budget deficits drag growth far below the Trump administration's goals. In its annual assessment...
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FILE- In this Friday, Oct. 6, 2017, file photo, a worker helps build an apartment and retail complex in Nashville, Tenn. The National Association for Business Economics says in its latest quarterly outlook that its panel of 45 economists expects the economy, as measured by the gross domestic product, to expand 2.8 percent this year. That is down slightly from the panel's March forecast which put GDP growth this year at 2.9 percent. (AP Photo/Mark Humphrey, File)
June 04, 2018 - 12:12 am
WASHINGTON (AP) — A group of top business economists believes the major tax cuts President Donald Trump pushed through Congress will give a significant boost to economic growth this year and next year. But they worry that by 2020, the country could be entering a new recession. The National...
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FILE- In this May 7, 2018, file photo, a long line of 2018 and 2019 Cooper Countryman models sits at a Mini Cooper dealership in Highlands Ranch, Colo. On Thursday, May 31, the Commerce Department issues its April report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/David Zalubowski, File)
May 31, 2018 - 1:35 pm
WASHINGTON (AP) — Americans boosted their spending by 0.6 percent in April, the biggest increase in five months and a strong indication that the economy is reviving after a winter slowdown. The Commerce Department said Thursday that last month's increase in consumer spending was the largest...
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May 30, 2018 - 9:09 am
WASHINGTON (AP) — The U.S. economy grew at a weaker 2.2 percent annual rate in the first three months of the year, as consumers and businesses slowed their spending. But given the economy's recent performance, analysts are still looking for a solid rebound in the current quarter. Growth in the...
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May 04, 2018 - 4:17 pm
SACRAMENTO, Calif. (AP) — California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday. California's gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said...
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FILE - In this Oct. 6, 2017, file photo, workers build an apartment and retail complex in Nashville, Tenn. On Friday, April 27, 2018, the Commerce Department issues its first estimate of how the U.S. economy performed in the January-March quarter. (AP Photo/Mark Humphrey, File)
April 27, 2018 - 3:36 pm
WASHINGTON (AP) — The U.S. economy slowed to a moderate 2.3 percent annual growth rate in the first quarter as consumer spending turned in the weakest performance in nearly five years. Still, the January-March increase came in better than expected, supporting hopes for a solid rebound for the rest...
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