Page 2 - Us Gdp
US economy falls 31.4% in spring; may shrink for the first time since 2009
The government will not release its July-September GDP report until Oct. 29, just five days before the presidential election
 "US economy falls 31.4% in spring; may shrink for the first time since 2009")
US budget deficit debt to hit $3.3 trillion, bigger than its economy's size
The spike in the deficit means that federal debt will exceed annual gross domestic product next year
 "US budget deficit debt to hit $3.3 trillion, bigger than its economy's size")
US GDP in Q2 to contract by annualised rate of 37% due to Covid-19: IMF
The longest economic expansion in US history has been derailed by the unanticipated advent of the Covid-19 pandemic
 "US GDP in Q2 to contract by annualised rate of 37% due to Covid-19: IMF")
Fed's pandemic era outlook, stance 'about right,' say economists: Poll
Ten respondents said the Fed's projections were "too pessimistic" and only five said "too optimistic
 "Fed's pandemic era outlook, stance 'about right,' say economists: Poll")
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")
Zoho Corporation cancels bonuses, but avoids any layoffs due to Covid-19
In view of dip in US GDP, the company has prepared itself for a larger hit on its business
 "Zoho Corporation cancels bonuses, but avoids any layoffs due to Covid-19")
Fitch maintains US AAA rating despite rising unemployment due to Covid-19
The rating came as the Department of Labour reported unemployment claims surging to 3.3 million in the week ending March 21 after the pandemic caused many businesses to close
 "Fitch maintains US AAA rating despite rising unemployment due to Covid-19")
US economy likely to shrink by 4% in Q1, down by 14% in Q2: JP Morgan
The forecast assumes the Fed will continue to find "creative" ways to support the economy and that the Trump administration and Congress deliver fiscal support of $1 trillion
 "US economy likely to shrink by 4% in Q1, down by 14% in Q2: JP Morgan")
Goldman Sachs downgrades US growth forecast for Q1, Q2 due to coronavirus
In a note sent on Sunday, the US bank said it now sees real gross domestic product growth of 0% in the first three months of the year, from its original estimate of 0.7% expansion
 "Goldman Sachs downgrades US growth forecast for Q1, Q2 due to coronavirus")
Coronavirus outbreak could impact US GDP in Q1: WH economic adviser
'We're thinking maybe in the first quarter we lose ... two or three tenths of one percent of GDP,' he said
 "Coronavirus outbreak could impact US GDP in Q1: WH economic adviser")
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%")
Indian IT firms contributed $57 bn to US GDP in 2017: Ambassador Shringla
Shringla said Indian IT companies in the US are deeply embedded in the roots of American society and their contributions have exceeded far beyond the economy
 "Indian IT firms contributed $57 bn to US GDP in 2017: Ambassador Shringla")
US' 4.1% rise in GDP clears path for two more Federal rate hikes
Even after discounting a strong second-quarter number, the trend in GDP growth suggests the economy is close to the Fed's expectations
 "US' 4.1% rise in GDP clears path for two more Federal rate hikes")
US GDP slows to 2.6% in fourth quarter as consumer spending shoots up
The economy grew 2.3% in 2017, an acceleration from the 1.5% logged in 2016
 "US GDP slows to 2.6% in fourth quarter as consumer spending shoots up")
US second-quarter GDP revised up to 3%, fastest in over two years
Growth last quarter was the strongest since the first quarter of 2015 and followed a 1.2% pace
 "US second-quarter GDP revised up to 3%, fastest in over two years")
Gold rebounds as US GDP beats estimate
The dollar index was nearly unchanged at 93.816 against a basket of six major currencies
 "Gold rebounds as US GDP beats estimate")
US not to achieve 3% GDP growth in 2017: Commerce Secretary Wilbur Ross
Trump admin would try to use existing tools to aggressively enforce trade rules, says Wilbur Ross
 "US not to achieve 3% GDP growth in 2017: Commerce Secretary Wilbur Ross")
