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

OECD Reports Largest Decline In GDP Since 2009
OECD Reports Largest Decline In GDP Since 2009
May 26, 2020  |  Economy

In the first quarter, the economies of the major industrial countries declined at the sharpest rate since the Great Recession’s financial crisis. In a preliminary...

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China Drops GDP Target Due To Economic Instability
China Drops GDP Target Due To Economic Instability
May 22, 2020  |  International

The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic....

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Atlanta Fed: GDP Could Tumble By 43 Pct In Q2
Atlanta Fed: GDP Could Tumble By 43 Pct In Q2
May 15, 2020  |  Economy

Just when the economy can’t take any more bad news, the Federal Reserve Bank of Atlanta is predicting the national gross domestic product (GDP) is...

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Economists Warn Recession Recovery Will Be Slow
Economists Warn Recession Recovery Will Be Slow
April 30, 2020  |  Economy

The coronavirus pandemic has triggered the biggest drop in the U.S. economy since the Great Recession, and economists are warning that the worst is yet...

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Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
April 29, 2020  |  News

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped...

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U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
April 29, 2020  |  Economy

U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the...

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New GDP Report Likely to Show Country Sinking Into Recession
New GDP Report Likely to Show Country Sinking Into Recession
April 29, 2020  |  Economy

The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross...

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US, Global Economies To Contract Because Of COVID-19 Effects
US, Global Economies To Contract Because Of COVID-19 Effects
April 20, 2020  |  Economy

Mohamed El-Erian, the Allianz chief economic advisor and former Pimco chief executive, said in a televised report that the American economy could encounter a contraction...

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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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