The figure was higher than the 4.7% forecast by the Reuters poll, but lower than the 5.4% expansion seen in the previous quarter.

"Freeing these resources [from eliminating wasteful spending] for the private sector will probably increase long-term prosperity but will surely hurt short-term growth. Paying government workers to ...

In Ray Dalio's forthcoming book "How Countries Go Broke" he argues that the United States' budget deficit should be cut.

GDP rose by 0.1 per cent between October and - barely detectable, but significantly better than the 0.1 per cent contracted ...

African countries plan a fresh push at international summits this year for standard measures of economic strength such as GDP ...

Finance Minister Nirmala Sitharaman, in her Budget speech on Saturday, February 1, said the fiscal deficit, which is the difference between the government expenditure and income, for 2025–26 is ...

Nirmala Sitharman presented the budget in the Parliament of India today, on 1st February 2025. The budget saw a plethora of new initiatives for farmers, service sector, manufacturing sector, middle ...

The Atlanta Fed released its initial estimate for first quarter U.S. economic growth on Friday following the release of the flash ...

The survey highlights that the country's economic fundamentals remain strong, supported by a stable external account, fiscal consolidation, and private consumption. Sonali Sharma Updated : Jan 31, ...

Relationship: GVA is like the foundation, while GDP is the final structure. The formula to derive GDP from GVA is: GDP = GVA + (Taxes - Subsidies) Why it matters: GVA helps policymakers decide ...

The Canadian economy contracted in November, but preliminary estimates point to a rebound at the end of the year as the country faces an uncertain future with U.S. President Donald Trump ...

And now? Wall Street is expecting gross domestic product to expand around 2% - and maybe less. GDP comes out this morning at 8:30 a.m. ET. Is a slowdown coming now that the Biden administration is ...