The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help business ...

NATO member nations voted to increase defense spending to 5% of their annual GDP by 2035, following long-term pressure from President Donald Trump, as the alliance reaffirmed its defensive agreement.

The U.S. government's budget deficits are now projected to worsen throughout the next decade when compared with earlier forecasts this year, according to a new report by the nonpartisan Committee for ...

The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest ...

STOCKHOLM, June 13 (Reuters) - Sweden will reach a new NATO spending target of 5% of the country's GDP, Swedish Prime Minister Ulf Kristersson said on Friday during a joint press conference with NATO ...