The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.
Read More: Newsmax
Tag Archives: US economy
US Economy To Pass China For First Time Since 1976
China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington.
Read More: Moneyweb
COULD U.S. ECONOMY BE HEADING FOR RECESSION IN THE NEW YEAR?
Merry Christmas and a recessionary new year | FT Alphaville.
Strategist with Societe Generale, Albert Edwards, believes the US econonmy will head into recession early 2013. He argues that falling corporate profits mean the US economy is not as healthy as some may want us to believe. He also points to the trend that for the four years first quarter growth has been disappointing. The graph shows that in each first quarter, economic growth has been slower than the fourth quarter of the previous year. If this pattern continues into Q1 of 2013 we may see the economy contracting.
With current growth in the US low, it would not take much to cause the economy to slip back into recession.