The update to gross domestic product was a reversal of the 0.5% decline seen in the first quarter and an increase from the earlier estimate of a 3% gain. But economists are warning the economy will ...

The U.S. economy as measured by the Gross Domestic Product grew at an annual rate of 3.3% in the second quarter, rather than the 3% annual growth initially estimated last month.

Explore consumerism's role in driving economic growth, its benefits, drawbacks, and impact on society, economy, and the ...

Consumer spending was — once again — key to GDP growth last quarter Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose ...

Consumers splurged on goods in particular, but also on services, and moved the GDP needle. Real GDP grew 2.8% annualized in Q3 from Q2, well above the 15-yr pre-pandemic average of 2.0%.

Consumers are still doing all the things — shopping, vacationing, going out to eat, despite high interest rates. One take: Maybe rates should have peaked higher to really slow down spending.

According to the GDP report, a measure of underlying growth trends favored by economists that combines consumer spending and business investment, known as final sales to private domestic ...

Two surveys reflecting dimming consumer and business outlook under Trump coincided with today's announcement that three years of GDP growth ended in the first quarter.

AI spending is expected to contribute as much to GDP growth as private consumption by 2025, marking a significant shift in ...

Key Takeaways A nation's GDP is the total value of all of its consumer and government spending, investments, and exports, minus the value of its imports. Nominal GDP reflects the raw numbers in ...