The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
Category: Recession and Depression
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Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.
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The Fed Is Trying to Cure Inflation Without Starting a Recession
Lowering inflation to 2 percent without causing a recession and throwing people out of work would be a rare achievement. The markets are acting as if it has already happened.
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U.S. Recession Appears Less Likely, Economists Say
Rising interest rates were widely expected to put the U.S. economy in reverse. Now things are looking rosier, but don’t pop the Champagne corks yet.
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The Pandemic’s Labor Market Myths
Amid the pandemic, people thought the labor market had permanently changed in important ways. It was a bad bet.
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Investors Look for Reasons the Market Could ‘Grind Higher’
Companies are expected to report a fall in profits, but some analysts see brighter times ahead.
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The Yield Curve Is Flashing a Recession Warning. Some Wonder if it’s Wrong.
The yield curve began suggesting last year that the economy was headed for a slump.
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The ‘Great Resignation’ Is Over. Can Workers’ Power Endure?
The furious pace of job-switching in recent years has led to big gains for low-wage workers. But the pendulum could be swinging back toward employers.
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GDP Revision Shows Bigger US Economic Growth in Q1
Government data showed that G.D.P. rose at a 2 percent rate in the first quarter, better than initially reported.
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Former Fed Chair Ben Bernanke on Inflation, Bank Runs and More
The former Fed chairman shared his thoughts with our columnist.
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Eurozone Slipped Into Recession Early in the Year
A weak recovery has been underway since then, but growth is expected to remain tepid for the remainder of the year.