The global economy is in better shape than it was at the start of the year, thanks largely to the performance of the United States, the World Bank said in its latest forecast Tuesday. But the sunnier outlook could cloud over if major central banks — including the Federal Reserve — keep interest rates at elevated levels.
U.S. economy growing significantly faster than expected, World Bank says
- Thread starter Hume
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"The World Bank now expects the U.S. economy to grow at an annual rate of 2.5 percent, nearly a full percentage point higher than it predicted in January. The United States is the only advanced economy growing significantly faster than the bank anticipated at the start of the year.
T. A. Gardner
Thread Killer
If inflation is greater than economic growth, then the economy is shrinking.
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www.investopedia.com
Why Does Inflation Increase With GDP Growth?
Examine the relationship between inflation and GDP, learn why GDP growth leads to higher prices and understand the effects of uncontrolled inflation and GDP growth.
The Relationship Between Inflation and Economic Growth
We discuss the various aspects of inflation: causes, role in economics boom and bursts, impact on currency and long tern effects.
www.economicsonline.co.uk
The world bank? Washington Post? No wonder you're such a clueless uninformed dotard.
Yep, if you enjoy high gas prices, even higher grocery prices, high mortgage rates and watching your 401K disappear as you try to pay off your credit card debt, things are AWESOME!!
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- Rapid inflation, soaring oil prices and global instability have led forecasters to sharply lower their estimates of economic growth this year, and to raise their probabilities of an outright contraction.
Here's why Americans are so unhappy with the economy, in 3 charts
Here's why Americans are so unhappy with the economy, in 3 charts
Economists say U.S. economy is remarkably strong, but consumers say they aren't feeling it — and not just because of inflation.
www.cbsnews.com
Graphics show how Americans' total credit card debt reached record high
Credit card debt, the amount owed by all Americans on their credit cards, rose to a record $1.13 trillion at the end of last year, the Federal Reserve Bank of New York reported Tuesday.Card balances increased by about $50 billion, or 4.6%, in the fourth quarter of 2023.
Graphics show how Americans' total credit card debt reached record high
Card debt jumped $50 billion to a record high between Q3 and Q4 2023, Federal Reserve says.
www.usatoday.com
- During the first quarter of 2022, 78,271 properties in the U.S. had a foreclosure filing, up by 39% from the previous quarter.
- There were 33,333 U.S. properties with foreclosure filings in March 2022, an increase of 181% from the same time in 2021.
Mortgage Delinquency & Default Rates: U.S. Stats | Self.inc
In this article, we look at key statistics around mortgage delinquency and default, how many people experience this and how it has changed over time.
Mortgage Delinquencies Increase in the Third Quarter of 2023
Mortgage Delinquencies Increase in the Third Quarter of 2023
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62% of all loans outstanding at the end of the third quarter of 2023, according to the MBA National Delinquency Survey.
www.mba.org
"Cumulative inflation means prices are up nearly 20% since you took office and wage increases have not kept pace."
Since President Biden took office in January 2021, Americans have faced increasingly higher prices for food, gasoline, and other common household items. And while prices have been going up, wages have been going down, placing additional stress on family finances.
datavisualizations.heritage.org
Since President Biden took office in January 2021, Americans have faced increasingly higher prices for food, gasoline, and other common household items. And while prices have been going up, wages have been going down, placing additional stress on family finances.
Data Visualization | The Biden Inflation Tracker | The Heritage Foundation
Since President Biden took office, Americans have seen prices go up and wages go down, placing an enormous burden on family finances. From @HeritageDataViz
datavisualizations.heritage.org
Almost four years ago, Donald Trumpf practically guaranteed as massive and unprecedented economic depression if Americans dared to elect Biden.
That is not how it works. GDP is inflation adjusted.
Kamala Trump
Verified User
yay, bubble crafting by the financial elite.
Meanwhile people can't afford homes anymore.
Poor, poor Trump suckers. They gotta make the best of news seem false, because according to The Book of Trump, there is no way Joe Biden could be doing well in the economics department.If inflation is greater than economic growth, then the economy is shrinking.
Why Does Inflation Increase With GDP Growth?
Examine the relationship between inflation and GDP, learn why GDP growth leads to higher prices and understand the effects of uncontrolled inflation and GDP growth.
The Relationship Between Inflation and Economic Growth
We discuss the various aspects of inflation: causes, role in economics boom and bursts, impact on currency and long tern effects.www.economicsonline.co.uk
Give it up, TA. You are backing the wrong horse('s ass).
The US economy is the best in the world right now...and the MAGA morons are just peddling bullshit about it.
MAGA morons just mindlessly parrot what they read on rightwing social media, without bothering to think and investigate for themselves.
Kamala Trump
Verified User
GDP growth, the most common measurement of growth, strips out inflation, because inflation is not growth.
Growth can cause inflation, which is where your confusion stems.
Matt Dillon
Semolina comes from wheat
T. A. Gardner
Thread Killer
You are wrong. GDP may be adjusted for inflation, but most governments don't do that because it would make them look bad that GDP was growing slowly or flat.
Governments tend to cite nominal GDP rather than real GDP. Nominal is not adjusted for inflation. Real is and will come out much lower than nominal.
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Real Gross Domestic Product (Real GDP): How to Calculate It, vs. Nominal
Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
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When Do Economists Use Real GDP Instead of Just GDP?
The real GDP number is adjusted to remove the effects of inflation, so it is a more accurate gauge of the nation's real output of goods and services.
T. A. Gardner
Thread Killer
The US economy sucks right now no matter how much lipstick you smear on it. Inflation is high, income growth isn't keeping up, the price of everything is up substantially, and the Democrats are taking the economy in the wrong direction with their greentard policies.
Growth is in terms of real GDP. So a 2% growth is a 2% growth.You are wrong. GDP may be adjusted for inflation, but most governments don't do that because it would make them look bad that GDP was growing slowly or flat.
Governments tend to cite nominal GDP rather than real GDP. Nominal is not adjusted for inflation. Real is and will come out much lower than nominal.
Real Gross Domestic Product (Real GDP): How to Calculate It, vs. Nominal
Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
When Do Economists Use Real GDP Instead of Just GDP?
The real GDP number is adjusted to remove the effects of inflation, so it is a more accurate gauge of the nation's real output of goods and services.
T. A. Gardner
Thread Killer
Except in the last quarter inflation was at 3.3% while real GDP was at 1.3%
Gross Domestic Product, First Quarter 2024 (Second Estimate) and Corporate Profits (Preliminary) | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is...
Inflation gauge slows, adding to signs of price relief for consumers
The Consumer Price Index took a slight unexpected dip in May, renewing questions about how soon the Federal Reserve could start lowering interest rates.
www.nbcnews.com
2024 Current State of the Union: US Economy
USAFacts uses data to show how the US economy changed in 2023 compared to pre-pandemic levels. Get nonpartisan data about economic indicators like GDP growth, unemployment rates, earnings, and more with the State of the Union in Numbers.
usafacts.org