Latest Gross domestic product News

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Jan. 18, 2021. Shares fell Monday across most of Asia following a retreat on Wall Street, but benchmarks in Hong Kong and Shanghai rose after data showed the Chinese economy grew a solid 2.3% in 2020. (AP Photo/Vincent Yu)

World shares subdued despite strong growth data from China

Jan. 18, 2021 12:06 PM EST

Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3% in 2020 after a sharp contraction early in the year. Shares fell in London and Tokyo on Monday but advanced in Hong Kong, Paris and Shanghai. Most U.S. markets are closed for a national holiday. Investors appear to...

FILE - A woman carries a shopping bag while walking past a cosmetics store, right, near Faneuil Hall, behind left, Monday, Sept. 28, 2020, in Boston. The U.S. economy expanded at a 33.4% annual pace from July through September, the Commerce Department said Tuesday, Dec. 22, 2020 delivering the last of three estimates on the economy’s third-quarter performance.  (AP Photo/Steven Senne, file)

Q3 GDP estimate gets a slight upgrade to 33.4% growth

Dec. 22, 2020 9:13 AM EST

WASHINGTON (AP) — The U.S. economy expanded at a record 33.4% annual pace from July through September, the Commerce Department said Tuesday, delivering the last of three estimates on the economy’s third-quarter performance. But it's likely that a resurgence in coronavirus cases slowed growth sharply...

The sun rises over the Parliament Square, in London, Saturday, Dec. 5, 2020. (AP Photo/Alberto Pezzali)

UK economic growth slows for sixth consecutive month

Dec. 10, 2020 4:27 AM EST

LONDON (AP) — Britain’s economic growth slowed for a sixth consecutive month in October as the coronavirus pandemic continued to hammer hotels, restaurants and pubs. The Office for National Statistics said Thursday that gross domestic product expanded 0.4% in October from a month earlier. The...