Us Gdp

Slowdown in GDP growth late last year temporary: Moody's Analytics

Moody's Analytics on Tuesday said India's domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary. The government data released last week showed India's gross domestic product (GDP) growth slowed to a three quarter low of 4.4 per cent in October-December,2022, mainly due to contraction in manufacturing and low private consumption expenditure. While the manufacturing sector contracted by 1.1 per cent, private consumption expenditure slowed to 2.1 per cent in the October-December quarter of current fiscal. In its report on emerging market outlook, Moody's Analytics said growth slowed substantially on a year-ago basis, with private consumption lagging overall GDP for the first time since the Delta wave of Covid-19 struck the economy in the second quarter of 2021. "Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures ou

Bear run enters sixth day as Sensex fall 142 pts, Nifty near 17,450

CLOSING BELL: Sectorally, the Nifty Metal index plunged 3 per cent, dragged by Adani Enterprises, which tumbled nearly 5 per cent

Crypto wrap: Market in green but Fed announcement to keep volatility high

US Fed will hold its meeting on January 31 and February 1 and announce the policy on February 2

Sensex atop Mt 61,000, just 1% away from fresh the all-time highs

Benchmark indices gained in 11 of the past 12 trading sessions

Stay invested in US funds even if returns aren't attractive currently

It helps to diversify geographically; while YTD returns of Indian markets are positive and US markets negative, the opposite will also happen at some other time

Rupee gains vs dollar as weak US GDP data softens Fed rate hike view

Dollar index falls as a contraction in US GDP eases Fed hike fears

US Prez Biden dismisses fear of recession even as GDP doubles down

Joe Biden and top officials have dismissed fears of US economy sinking into a recession as doubling down of GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession

US GDP shrank 0.9% in Q2, its second straight drop, raising recession odds

Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession

US economy contracts 1.6% in first quarter amid record trade deficit

The US economy grew at a robust 6.9% pace in the fourth quarter

US economy contracted by 1.5% in Q1, but consumers kept spending

Last quarter's drop in the US gross domestic product the broadest gauge of economic output does not likely signal the start of a recession.

US goods trade deficit hits record high; Q1 GDP growth estimates slashed

The goods trade deficit jumped 17.8% to an all-time high of $125.3 billion.

US weekly jobless claims fall; Q4 GDP growth revised slightly up

Initial claims for state unemployment benefits decreased 17,000 to a seasonally adjusted 232,000 for the week ended Feb.19, the Labor Department said on Thursday

US' Q2 economic growth revised slightly higher; weekly jobless claims rise

Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for the April-June quarter

US economic growth in April-June remains unrevised at annualised 6.4%

The US economy grew at an annual rate of 6.4 per cent in the first quarter of 2021, the Commerce Department said in its second estimate.

US economic recovery gains steam as spending fuels 6.4% GDP growth in Q1

Personal consumption, the biggest part of the economy, surged an annualised 10.7%, the second-fastest since the 1960s

Asian stocks set to mostly rise after Federal Reserve projects US GDP surge

Asian stocks were set for modest gains after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in US economic growth this year as the pandemic eases

Warren Buffett's favourite valuation metric is ringing an alarm

Any Buffett disciple who checks in on the billionaire investor's favourite market valuation metric these days may get the urge to shriek in terror

Goldman Sachs boosts US GDP estimate, sees Covid-19 relief at $1.5 trillion

On an annual basis, they raised their forecasts for 2021 and 2022 growth by 0.2 percentage points each, to 6.8% and 4.5%, respectively

Wall Street opens higher shrugging off bleak GDP, jobless claims data

The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19

JPMorgan sees US economy contracting next year as Covid-19 surge hits biz

The world's largest economy is expected to shrink at a 1% annualized pace in the January-to-March period, JPMorgan said in its 2021 U.S. outlook issued Friday