U.S. economic growth remains impressive. It’s the envy of the world, except at home
1 month, 3 weeks ago

U.S. economic growth remains impressive. It’s the envy of the world, except at home

LA Times  

Customers shop in Vernon Hills, Ill. “It’s impressive, phenomenal,” said Jeffrey Korzenik, chief economist at Fifth Third Bank, referring to the American economy’s exceptional run of strong output and full employment. “That’s been an exceptionalism of the U.S. economy — waves of immigration,” Juneau said. The economy by almost every measure is better than it was four years ago.” Although the U.S. economy may be the envy of the world, it isn’t so much at home. “The U.S. economy is firing on all cylinders at the current time and save a large external shock or domestic policy error, the U.S. economy is poised to close out the year on a strong economic note,” said Joseph Brusuelas, chief economist at the tax and consulting firm RSM US.

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History of this topic

Recession has struck some of the world’s top economies. The US keeps defying expectations
10 months, 1 week ago

Recession has struck some of the world’s top economies. The US keeps defying expectations

Associated Press  

NEW YORK — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along. Yet in the United States, the economy motored ahead in last year’s fourth quarter for a sixth straight quarter of growth. It’s blown past many predictions coming into last year that a recession seemed inevitable because of high interest rates meant …

Report: US economy grew faster than any other G7 country last year
10 months, 3 weeks ago

Report: US economy grew faster than any other G7 country last year

Daily Mail  

America's economy is growing at a faster pace than any other G7 country in part thanks to a post-pandemic productivity boom, experts say. The IMF World Economic Outlook report estimates the US economy grew by 2.5 percent in 2023 - and is set for a similar 2.1 percent growth in 2024. Figures released today show US worker productivity grew at …

US economy grew by 3.3% over the past year - ending fears of recession and sending the S&P and Dow up
10 months, 4 weeks ago

US economy grew by 3.3% over the past year - ending fears of recession and sending the S&P and Dow up

Daily Mail  

Consumers and businesses have continued to spend despite high interest rates The US economy grew much faster than expected in the final three months of last year, trouncing expectations as consumers and businesses continued to spend. The US economy grew much faster than expected in the final three months of last year, trouncing expectations as consumers and businesses continued to …

US economy returned to growth last quarter, expanding 2.6%
2 years, 1 month ago

US economy returned to growth last quarter, expanding 2.6%

Associated Press  

WASHINGTON — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue. Stronger exports and consumer spending, backed by a healthy job market, helped restore growth …

Opinion: US economic recovery speed has been record-breaking. But don’t get used to it
3 years, 4 months ago

Opinion: US economic recovery speed has been record-breaking. But don’t get used to it

CNN  

Editor’s Note: Lakshman Achuthan and Anirvan Banerji are co-founders of the Economic Cycle Research Institute. But even with the economy on track for full reopening in the months ahead and the jobless rate set to decline, economic growth is already decelerating, as we’re warning publicly for the first time here. Ominously, our work also shows a strong link between the …

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