GDP

Gross domestic product (GDP) is a measurement of the market value of all the final goods and services produced in a specific time period in time. GDP provides a detailed economic look at a country, used to estimate the growth of economy.

Source: bea.gov

Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
August 25, 2021  |  Economy

The U.S. gross domestic product (GDP), a broad measure of economic activity, grew at an annualized rate of 5.7 percent during the third calendar quarter...

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Today In Payments: Advance America, Western Union Team On Money Transfer Tools; Square Generates $1.7 Billion In Crypto Revenue
Today In Payments: Advance America, Western Union Team On Money Transfer Tools; Square Generates $1.7...
February 24, 2021  |  News

In today’s top news, Advance America is teaming with Western Union to offer its payment solutions, and Square generated $1.7 billion in revenue from cryptocurrency...

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Deutsche Bank Economists Predict US GDP To Rise 7.5 Percent In 2021
Deutsche Bank Economists Predict US GDP To Rise 7.5 Percent In 2021
February 24, 2021  |  Economy

The 2021-22 forecast for the U.S. GDP was revised upward by Deutsche Bank economists on expectations that the proposed $1.9 trillion pandemic stimulus package will...

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UK’s 2020 Economy Worst In 300 Years
UK’s 2020 Economy Worst In 300 Years
February 12, 2021  |  Economy

The economy in the U.K. contracted 9.9 percent in 2020, the worst year on record since 1709, the Office for National Statistics (ONS) said in...

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US Economy Sees 4 Pct GDP Gain In Q4 Of 2020
US Economy Sees 4 Pct GDP Gain In Q4 Of 2020
January 28, 2021  |  Economy

Gross domestic product (GDP) went up 4 percent in the fourth quarter of 2020, slightly below economists’ forecasts of 4.3 percent, according to a report...

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Five Ways The Connected Economy And Big Tech Helped U.S. GDP Recover
Five Ways The Connected Economy And Big Tech Helped U.S. GDP Recover
December 22, 2020  |  Economy

Commerce Department figures out Tuesday (Dec. 22) showed that the U.S. economy snapped back at a 33.4 percent annual rate during the third quarter following the...

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France Leads Eurozone’s Rising GDP As New Lockdowns Loom
France Leads Eurozone’s Rising GDP As New Lockdowns Loom
October 30, 2020  |  International

Against a backdrop of surging coronavirus cases, the Eurozone is reporting a rebounding economy, with a 12.7 percent hike in third-quarter gross domestic product (GDP),...

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GDP Surges – But What’s Next For The Consumer?
GDP Surges – But What’s Next For The Consumer?
October 29, 2020  |  Economy

It was a pretty low bar to hurdle. The second quarter’s GDP trends were the worst in history, impacted of course by the pandemic, the...

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US GDP Rebounds With 33.1 Pct Annual Increase
US GDP Rebounds With 33.1 Pct Annual Increase
October 29, 2020  |  Economy

The Bureau of Economic Analysis reported on Thursday (Oct. 29) that real gross domestic product (GDP) rose at an annual rate of 33.1 percent in...

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