Sizzling Q3 GDP Defies Recession Forecasts, But Interest Rate Hike Warnings Are Dragging US Stock Performance

This marks a substantial improvement compared to the 2.1% growth recorded in the second quarter and surpassed market expectations of 4.3%. Here’s how economists reacted to the GDP print ... Read More

Q4 GDP Beats Expectations: What the Experts Say

Gross domestic product (GDP) increased at a 2. ... U.S. economy a stronger start to the new year. We also continue to expect that unemployment will remain below the natural long-run rate of 4.5 ... Read More

China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy

Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese government is taking steps to stimulate the economy. Read More

China's economy likely to have slowed in Q3, Beijing's 2024 target at risk

China's economy is expected to have slowed in the third quarter, dragged by a prolonged property downturn and weak consumption, maintaining pressure on policymakers as they consider more stimulus ... Read More

Shoppers Spend More Freely Than Expected, Sign of Solid U.S. Economy

A new report showing a rise in retail sales in September indicates that consumer spending, a key engine of economic growth, remains robust. Read More

US economy grew 3% in the second quarter, in line with expectations

The U.S. economy grew at a 3% annual rate in the second quarter, in line with economists' expectations ... 2.8% in July. The report also revised first-quarter GDP growth to 1.6%, up from 1.4% ... Read More

China’s economy grows at a 4.6% rate in the last quarter, below the official 5% target

China has reported that its economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter. Read More

Economy 2024

Follow the latest Economy 2024 news stories and headlines. Get breaking news alerts when you download the ABC News App and subscribe to Economy 2024 notifications. Read More

Jobs report blows past expectations, showing hiring surge

U.S. hiring surged in September, blowing past economist expectations and rebuking concern about weakness in the labor market. The fresh report marks one of the last major pieces of economic data ... Read More

Colombia’s economy surges with 2.1% GDP growth in Q2 2024: Here’s why

The recovery was fueled by notable gains in major economic drivers, including gross fixed capital formation, which surged to 1.7% from a substantial decline of -13.4% ... surges with 2.1% GDP ... Read More

Even the strongest pillar of the Chinese economy is showing signs of weakness

China's exports grew 2.4% year-on-year in September, posting its lowest growth in five months as global demand slowed. Read More

German Economic Expectations Darken Further

The closely watched ZEW Indicator of Economic Sentiment, which tracks analysts’ expectations for the economy in the next six months, fell 15.6 points on month to 3.6 in September, far below ... Read More