There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and ...

Fact checked by Suzanne Kvilhaug Reviewed by Michael J Boyle Key Takeaways The national debt is the total amount of money that a country owes creditors. It represents the sum of past ...

The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday. That matches the ...

A key report Thursday could reveal that the nation’s economic output declined for a second straight month, meeting the informal criteria for a recession. After dropping at an annual rate of 1.6% in ...

A business cycle demonstrates the fiscal activity of an economy over a period of time. While business cycles differ in various ways, including how long they last, each of them has four distinct stages ...

WASHINGTON, July 21 (Reuters) - Between the backlogged orders from Christmas, ongoing high demand, and an improving flow of products from around the world, goods flooded into the United States in the ...