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China Overtakes US, Largest Economy In World

China Overtakes US, Largest Economy In World
In April, the World Bank’s International Comparison Program said that China is poised to overtake the US as the world’s biggest economy earlier than expected, possibly as soon as this year, using calculations that are based on so-called purchasing power parity (PPP).?That prediction has ... Read more

The Real ‘Real’ GDP

The Real ‘Real’ GDP
This past Friday, May 30, 2014, the US government released its revised estimates for the first quarter 2014 US Gross Domestic Product. The initial April estimate of GDP for the first quarter showed the US economy stagnating, at only a 0.1% growth rate. Last week’s revised data showed, however, a significant further downward ... Read more

U.S. Economy Slowed Sharply in First Half of 2011

Sluggish second quarter follows near stagnant first. By Peter Fulham Slate July 29, 2011   The U.S. economy suffered another quarter of sluggish economic growth from April to June, growing a mere 1.3 percent, according to a Commerce Department report released Friday. The numbers present the ... Read more