GDP

Gross domestic income, a GDP alternative, warns of possible recession – USA TODAY

US data: GDP grows 4.9%, jobless claims rise to 210,000 U.S. gross domestic product rose to an annual rate of 4.9%, more than twice as fast as in the second quarter, beating estimates. Bloomberg There may be an explanation as to why the U.S. economy has been remarkably resilient and growing strongly despite high inflation … [Read more…]

GDP unchanged in October: Canadian economy struggles to grow

The Canadian economy was little changed at the end of 2023, as shown by Canada’s real gross domestic product (GDP), which remained unchanged for the third straight month in October, according to statistics data. Canada released on Friday. Production in service industries increased slightly by 0.1%, while output in goods producing industries did not change … [Read more…]