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A collection of news and information related to Gross Domestic Product published by this site and its partners.

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    May 14, 2013 |Story| Los Angeles Times

  1. Federal deficit shrinks at surprising rate

    WASHINGTON &mdash; The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the <a href="http://www.cbo.gov/publication/44172">Congressional Budget Office said</a> Tuesday in a report that could strengthen the Obama administration's hand in the budget battles with congressional Republicans.
    WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

    Tags: Economy, Business and Finance, U.S. Congress, Eric Cantor, Economic Indicator, U.S. House Committee on the Budget

    2. Apr 26, 2013 |Story| Los Angeles Times

  2. Economic growth, at 2.5%, falls below expectations

    WASHINGTON -- The pace of economic growth picked up in the first quarter, but not nearly as fast as many analysts had forecast -- an unwelcome sign given other recent indicators that the recovery is losing some steam and further government spending cuts loom.
    WASHINGTON -- The pace of economic growth picked up in the first quarter, but not nearly as fast as many analysts had forecast -- an unwelcome sign given other recent indicators that the recovery is losing some steam and further government spending cuts...

    Tags: Productivity, Quarterly or Semiannual Financial Statements, Weather Reports, Economic Indicator, Weather

    3. Apr 16, 2013 |Story| Los Angeles Times

  3. How an Excel error fueled panic over the federal debt

    One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out -- lower economic growth is on the horizon. And that's scary, because that's where the U.S. has been heading.
    One of the most fearsome statistics in the war against the federal deficit has always been the country's ratio of debt to gross domestic product. When this ratio reaches 90%, the argument goes, watch out -- lower economic growth is on the horizon. And...

    Tags: Productivity, Economic Indicator, Paul Ryan, Politics, Public Finance

    4. Apr 5, 2013 |Story| Los Angeles Times

  4. To create jobs, the U.S. must spend

    Just before the congressional spring break, a Senate budget proposal to decrease, but not eliminate, the deficit over 10 years was denounced as "pro debt" by an Alabama senator. It was the kind of proud and loud anti-deficit rhetoric that, no matter how nonsensical, plays nicely into Washington group-think on the subject.
    Just before the congressional spring break, a Senate budget proposal to decrease, but not eliminate, the deficit over 10 years was denounced as "pro debt" by an Alabama senator. It was the kind of proud and loud anti-deficit rhetoric that, no matter how...

    Tags: Employment Opportunities, Labor Markets, Economic Indicator, Politics, Government

    5. Mar 28, 2013 |Story| Los Angeles Times

  5. China's growth could plunge to less than 1% by 2030, study says

    China's&nbsp;zooming economy may feel the crunch in coming years as its workforce ages and productivity slips, potentially dragging down the global economy, according to a recent study.
    China's zooming economy may feel the crunch in coming years as its workforce ages and productivity slips, potentially dragging down the global economy, according to a recent study. In a worst-case scenario, economic growth in China could drop to less...

    Tags: Productivity, Economic Indicator, China, United Nations, Federal Reserve

    6. Mar 6, 2013 |Column| Los Angeles Times

  6. Dow hits a record, but who's reaping the rewards?

    You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers &mdash; big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?"
    You've heard the old joke about the stockbroker showing a friend all the luxuries he's bought with the commissions paid by his customers — big house, big car, big yacht. And the friend asks, "But where are the customers' yachts?" The joke needs...

    Tags: JPMorgan Chase & Co., Jamie Dimon, Goldman Sachs Group, Inc., Economic Indicator, New York University

    7. Feb 28, 2013 |Story| Los Angeles Times

  7. U.S. economy grew late last year, but barely

    WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration.
    WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration. The nation's gross domestic product, or the...

    Tags: European Debt Crisis, Budgets and Budgeting, U.S. Congress, Ben Bernanke, Land Price

    8. Feb 25, 2013 |Story| Los Angeles Times

  8. Most economists see 'sequestration' budget cuts as unavoidable

    WASHINGTON -- With just a few days to go before new government spending cuts are set to take effect, what are the chances that another eleventh-hour action will avert the latest impending hit to the economy?
    WASHINGTON -- With just a few days to go before new government spending cuts are set to take effect, what are the chances that another eleventh-hour action will avert the latest impending hit to the economy? Very little, according to a survey of...

    Tags: U.S. Congress, Employment Opportunities, Head Start, Labor Markets, Economic Indicator

    9. Jan 31, 2013 |Story| Los Angeles Times

  9. Playing with fiscal fire

    Federal statisticians issued unexpectedly bad news Wednesday, saying the economy contracted in the last three months of 2012 &mdash; the first downturn since the recovery began in mid-2009. The sour numbers weren't as bad as they seemed at first, yet they still sent a clear signal that the economy is too fragile to withstand a sudden shift to fiscal austerity. Unfortunately, Congress doesn't seem to be getting the message.
    Federal statisticians issued unexpectedly bad news Wednesday, saying the economy contracted in the last three months of 2012 — the first downturn since the recovery began in mid-2009. The sour numbers weren't as bad as they seemed at first, yet they...

    Tags: Fiscal Cliff, U.S. Congress, Economic Indicator, Republican Party, Politics

    10. Jan 23, 2013 |Story| Los Angeles Times

  10. IMF sees global growth improving in 2013

    WASHINGTON -- For a change, there's some good news on the global economic front: Growth is likely to improve this year, says the International Monetary Fund. Led by stronger expansions in emerging and developing economies, and helped by policy actions...

    Tags: Money and Monetary Policy, Economic Indicator, China, Politics, Japan

    11. Dec 17, 2012 |Story| Los Angeles Times

  11. Economists see mediocre growth in 2013

    WASHINGTON -- Most forecasters are looking at 2013 as being another mediocre year for the economy, but many appear hopeful that growth will accelerate as the year progresses.
    WASHINGTON -- Most forecasters are looking at 2013 as being another mediocre year for the economy, but many appear hopeful that growth will accelerate as the year progresses. Beyond that broad outline, the outlook for next year is muddled. The range of...

    Tags: Fiscal Cliff, Economy, Business and Finance, Productivity, Labor Markets, Finance

    12. Dec 20, 2012 |Story| Los Angeles Times

  12. Third-quarter GDP growth is revised higher but weakness looms

    WASHINGTON -- The U.S. economy grew even faster in the third quarter than previously thought, but the current period is looking much weaker and many analysts see a sharper pullback early next year if the government's fiscal problems aren't resolved very soon.
    WASHINGTON -- The U.S. economy grew even faster in the third quarter than previously thought, but the current period is looking much weaker and many analysts see a sharper pullback early next year if the government's fiscal problems aren't resolved very...

    Tags: Fiscal Cliff, Labor Markets, Economic Indicator, Hurricane Sandy (2012)

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