Economy News Britain At Risk Of Recession As Growth Revised Down

Economic Growth Revised Up: Good News for Workers, but Bad News for Mortgage Rates

The economy's growth in the second quarter of the year was much stronger than previously reported, a development that is good news for the labor market, but will put upward pressure on mortgage rates. Read More

Britain's unpopular government prepares a high-stakes budget and hopes for growth

Britain’s Labour Party government is set to deliver a high-stakes budget aimed at fixing public finances and boosting economic growth ... Read More

The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported

The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest ... Read More

Second-quarter GDP growth revised up to robust 3% rate

GDP growth in the second quarter was revised up by 0.2 percentage points to a strong 3% seasonally adjusted annual rate. The revised growth rate for the second quarter reported by the Bureau of ... Read More

The country’s not in a recession, but your state could be

According to a recent analysis by Mark Zandi, chief economist at Moody’s Analytics, 22 U.S. states are now either in recession or very close to entering one — together representing nearly one-third of ... Read More

A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating, Zandi warns

Moody’s Analytics chief economist Mark Zandi continued to sound the alarm on the risk of a downturn, warning that states accounting for nearly a third of U.S. GDP are already in a recession or at high ... Read More

Economy Growth Revised Upwards

U.S. GDP growth has been revised upward, reflecting stronger consumer spending and a resilient, supply-side-driven economy. Since 2009, the U.S. has experienced only one brief recession, quickly ... Read More