Page 4 - Us Economic Growth
US economy shrank at 5% annual rate in Q1, higher than initial estimate
It was the biggest quarterly decline since an 8.4 per cent fall in the fourth quarter of 2008 during the depths of the financial crisis
 "US economy shrank at 5% annual rate in Q1, higher than initial estimate")
US recession to last for longest time, quick rebound unlikely: Economists
The longest U.S. economic expansion has ended, said Gregory Daco, chief economist at Oxford Economics
 "US recession to last for longest time, quick rebound unlikely: Economists")
Wall Street drops on oil price crash, earnings anxiety; Dow falls over 1%
Energy stocks shed 1.9% and were on track for their sixth slide in seven sessions as the front-month May US West Texas Intermediate (WTI) contract plunged more than 50%
 "Wall Street drops on oil price crash, earnings anxiety; Dow falls over 1%")
Coronavirus: Washington set to deliver $ 2.2 trillion virus rescue bill
Originally scheduled as a non-working pro forma meeting, the session will be extended to a debate on the bill all conducted under social distancing rules to minimize the risk of transmitting the virus
 "Coronavirus: Washington set to deliver $ 2.2 trillion virus rescue bill")
Trump's election-year budget cuts social expenditure, projects lofty growth
The proposal again abandons the stated goal of closing the budget deficit in 10 years, instead pushing the target date back to 2035
 "Trump's election-year budget cuts social expenditure, projects lofty growth")
Amid impeachment vote, Trump will focus on economic boom in annual speech
President Donald Trump plans to deliver his State of the Union address to a joint session of Congress on Tuesday
 "Amid impeachment vote, Trump will focus on economic boom in annual speech")
US seeing world's biggest economic boom, American dream is back, says Trump
Speaking here at the World Economic Forum (WEF) annual meet, whose theme is 'Stakeholders for a Cohesive and Sustainable World', Trump said it is time for optimism and not pessimism.
 "US seeing world's biggest economic boom, American dream is back, says Trump")
US retail sales miss the mark in Nov, cast shadow on Q4 economic growth
The Federal Reserve on Wednesday kept interest rates steady and signaled that borrowing costs were likely to remain unchanged at least through next year
 "US retail sales miss the mark in Nov, cast shadow on Q4 economic growth")
US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low
The Commerce Department said the trade deficit tumbled 7.6% to $47.2 billion, the smallest since May 2018, as both imports and exports of goods declined
 "US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low")
Natixis downgrades price outlook for 2020 as gold starts losing glitter
Signs of a thaw in the US-China trade spat and prospects of an improvement in US economic growth have taken a toll on the metal, which has lost nearly $100 an ounce to trade at $1,456 today
 "Natixis downgrades price outlook for 2020 as gold starts losing glitter")
Wall Street hits fresh record highs on trade deal hopes, robust data
US economic growth picked up slightly in the third quarter, rather than slowing as initially reported, while consumer spending rose steadily in October
 "Wall Street hits fresh record highs on trade deal hopes, robust data")
Green shoots in US? Sep quarter GDP growth revised slightly to 2.1%
There are signs the economy slowed early in the fourth quarter amid a cooling in consumer spending and a deepening downturn in business investment
 "Green shoots in US? Sep quarter GDP growth revised slightly to 2.1%")
Excerpts from Trump's much-awaited remarks at New York Economic Club
Unlike past leaders, my goal is to ensure that this power of incentives works in America's favor, said US president Donald Trump
US economic growth slows marginally to 1.9% in Q3 from 2% in June quarter
Gross domestic growth avoided the steeper drop feared by economists, but the US-China trade war still walloped the business sector, according to commerce department data
Is the US economy headed for a recession? Bulls, bears make their case
The question now is, how badly? On that score, Friday's payroll report for September contained ammo for the optimists, as well as the pessimists - and plenty for the Federal Reserve to ponder
 "Is the US economy headed for a recession? Bulls, bears make their case")
I blame past presidents for allowing other nations to steal US jobs: Trump
Trump said that the US had been losing an estimated $800 billion a year to China
 "I blame past presidents for allowing other nations to steal US jobs: Trump")
Trump is slowing US economic growth
The US administration's trade agenda is driven by the discredited mercantilist idea that selling stuff (exports) is good and buying stuff (imports) is bad
 "Trump is slowing US economic growth")
Wealthiest hold 88% of country's wealth: Rich get richer in US expansion
Indeed, as the expansion entered its record-setting 121st month on Monday, signs of a new Gilded Age are all over
Govt spending, mainly in defence, fuelling US economic growth acceleration
Defense shifted from contracting at a 2.1% annual rate between June 2009 and March 2017, to growing at a 2.9% rate since April 2017
 "Govt spending, mainly in defence, fuelling US economic growth acceleration")
As Trump's America sees a boom, others, including India, take a hit
The US is set to be the only Group of Seven nation to see economic growth accelerate this year as Trump's tax cuts kick in
 "As Trump's America sees a boom, others, including India, take a hit")
