Latest from Paul Wiseman
U.S. economy grew 2.8% in 2024
The American economy ended 2024 on a solid note, with consumer spending continuing to drive growth. GDP grew by 2.8 per cent, compared with 2.9 per cent in 2023.
U.S. economy grows more than expected at end of 2023, driven by consumer spending
The U.S. gross domestic product grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely, despite high interest rates and inflationary price levels.
How the rest of the world's economy would be affected if the U.S. defaults on its debts
If the debt crisis roiling Washington were eventually to send the United States crashing into recession, its economy would hardly sink alone. The repercussions of a first-ever default on the federal debt would quickly reverberate around the world.