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

‘Downward Revisions’ to Consumer Spending, Jobless Claims Cloud Merchants’ Outlook

‘Downward Revisions’ to Consumer Spending, Jobless Claims Cloud  Merchants’ Outlook
‘Downward Revisions’ to Consumer Spending, Jobless Claims Cloud Merchants’ Outlook
March 30, 2023  |  Economy

Economic data can be a work in progress — refined, revised and re-presented to better understand where things stand. For merchants, the big picture got...

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World Bank Says Nations Must Adopt Policies to Boost Growth
World Bank Says Nations Must Adopt Policies to Boost Growth
March 27, 2023  |  Economy

Nations need to make changes to prevent an anticipated slump in global growth. So said the World Bank in a report released Monday (March 27)...

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Retailers Lag Broader Main Street Business Recovery in Q3
Retailers Lag Broader Main Street Business Recovery in Q3
November 15, 2022  |  SMBs

The small- to medium-sized businesses (SMBs) on Main Street, USA, were some of the hardest hit in March 2020, and pandemic recovery, though swift, has...

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GDP Contracts Again, Sparking New Recession Angst
GDP Contracts Again, Sparking New Recession Angst
July 28, 2022  |  Economy

The U.S. economy contracted for the second consecutive quarter, with gross domestic product (GDP) decreasing at a 0.9% annualized rate after decreasing 1.6% in the...

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Data May Show US Economy Shrank for Second Straight Quarter
Data May Show US Economy Shrank for Second Straight Quarter
July 26, 2022  |  Economy

With the possibility of a Thursday (July 28) report showing the U.S. economy shrank for the second straight quarter, the Biden administration is getting in...

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New Data Shows Main Street Businesses Rebuilding for Post-Pandemic Economy
New Data Shows Main Street Businesses Rebuilding for Post-Pandemic Economy
April 21, 2022  |  SMBs

With 130,000 permanent closures in 2020, small- to mid-sized businesses (SMBs) suffered economic impacts early on in the pandemic. Today, the SMBs that typically drive...

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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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