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

Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China
Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China
April 17, 2020  |  News

In today’s top news, Uber withdrew 2020 guidance as it anticipate revenue decline, and China’s economy will record its first-ever GDP loss. Plus, banks can...

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China’s GDP Drop Creates Global Ripple Effects For Retail
China’s GDP Drop Creates Global Ripple Effects For Retail
April 17, 2020  |  Cross-border Payments

What will the ripple effects be for retailers (in the U.S. and around the globe) as China’s economy shrinks? As has been widely reported, it...

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Coronavirus Triggers First-Ever GDP Decline In China
Coronavirus Triggers First-Ever GDP Decline In China
April 17, 2020  |  Economy

China’s economy is going through its worst three-month period in decades and will record its first-ever GDP loss — 6.8 percent in the first quarter...

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JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent
JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent
April 09, 2020  |  Economy

JPMorgan Chase has dimmed its view of the future yet again, now saying the nation’s gross domestic product (GDP) could sink by as much as...

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Coronavirus Has Shut Down 25 Pct Of US Economy
Coronavirus Has Shut Down 25 Pct Of US Economy
April 05, 2020  |  Economy

Some 25 percent of American businesses have gone dark due to the coronavirus pandemic, according to an analysis in The Wall Street Journal (WSJ). The...

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Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
April 03, 2020  |  News

In today’s top news, Airbnb has lowered its internal valuation 16 percent as lockdowns continue to hammer business, and gig workers face uncertainty over how...

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Goldman, Morgan Stanley Predict COVID-19 Will Trigger Economic Devastation 
Goldman, Morgan Stanley Predict COVID-19 Will Trigger Economic Devastation 
March 23, 2020  |  Economy

Economists at Morgan Stanley and Goldman Sachs Group are warning that the coronavirus will be more economically devastating than originally forecasted, according to a Sunday...

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Main Street USA Was Healthy In February, But Coronavirus Is The Wild Card
Main Street USA Was Healthy In February, But Coronavirus Is The Wild Card
March 20, 2020  |  B2B Payments

A decade of growth, poised to be upended. Amid the widespread, and widening, impact of the coronavirus, the latest data from the Main Street Index...

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BoA Says US Economy Has Entered Recession
BoA Says US Economy Has Entered Recession
March 19, 2020  |  Economy

Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to...

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