Us Gdp News
US GDP could ’easily’ contract 20-30% Q2: Fed’s Powell
Unemployment could peak at 20 to 25%
1 min read18 May 2020US Q4 growth revised down to 2.2% from 2.6%
GDP grew at a 2.2% annualized rate, less than the initial 2.6% reading and projections for a revision of 2.3%Consumer spending, the biggest part of the economy, grew at a downwardly revised 2.5% pace that also missed projections
2 min read28 Mar 2019Gundlach warns US economy is floating on ‘an ocean of debt’
Jeffrey Gundlach said prolific sales of junk bonds and significant growth in investment grade corporate debt, coupled with the Fed weaning the market off quantitative easing, have resulted in ’an ocean of debt’
2 min read13 Jan 2019India’s GDP set to eclipse US’ by 2030: StanChart
Seven of the world’s top 10 economies by 2030 will likely be current emerging markets, with China emerging as the largest by next year itself, according to Standard Chartered’s long-term forecasts
1 min read8 Jan 2019Wall Street hits fresh year-lows on threat of US government shutdown, slowing growth
Dow Jones is down 0.74% at 22,690.53, S&P 500 is 1.00% lower at 2,442.85 and Nasdaq is weaker by 1.95% at 6,400.83
2 min read22 Dec 2018US third-quarter growth unrevised; headwinds increasing
US GDP increased at a 3.5% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP growth
4 min read28 Nov 2018US economy forecast to grow slower on weak investments
Economists surveyed expect growth to slow to a 2.6% pace in the fourth quarter, following the best back-to-back gains since 2014
2 min read22 Nov 2018US budget deficit jumps to $100 billion at start of fiscal year
Waning support for US government debt from the US Federal Reserve, combined with President Donald Trump’s deficit-boosting tax cuts, are weighing on the debt load that he inherited from Barack Obama
1 min read14 Nov 2018Opinion | Global trade takes the hit for bad global financing
Today, from a systemic point of view, it is more important to regulate finance than to initiate a trade war that may well fail to benefit the American household
4 min read1 Nov 2018Opinion | Could trade war lead to the real thing?
Historically, we have failed to see tipping points of the kind that might result from escalation of the US-China trade war until too late
4 min read21 Aug 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared