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"The big news is not that nothing has changed, but that the economy remains resilient, inflation remains elevated and US GDP growth unrevised at 2.1% in second quarter as economy shows resilience ...
The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, below the 2.9% growth ...
U.S. economic activity was either even weaker or not as strong as previously estimated in each of the first quarters of 2020, 2021 and 2022 amid downgrades mostly to consumer spending, revised ...
Real GDP is an example of the distinction between real and nominal values in economics.Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region, usually a country; this depends on the quantities of goods and services produced, and their respective prices.
The following table illustrates the impact of the pandemic on key economic measures. February 2020 represented the pre-crisis level for most variables, with the S&P 500 stock market index (a leading indicator) falling from its February 19 peak. From February through June, the number of persons with jobs was down 14.6 million.
The economic impact on the video game sector is not expected to be as large as in film or other entertainment sectors as much of the work in video game production can be decentralised and performed remotely, and products distributed digitally to consumers regardless of various national and regional lockdowns on businesses and services. [156]
TikTok commissioned a new report on the app's economic influence as part of its ongoing marketing push to evade an effective ban in the US. TikTok touts $24.2 billion impact to US GDP as platform ...
In 2020, U.S. GDP shrunk by 3.5%, an economic contraction caused by the devastation of the COVID-19 pandemic, making 2020 the worst year for economic growth since 1946 (when the U.S. was demobilizing from World War II) and the first year that the U.S. had an annual decrease in GDP since 2009 (when the U.S. suffered from the Great Recession). [244]