New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.

The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration's aggressive ...

Canada's economy contracted in April on a monthly basis, data showed on Friday, as sectors exposed to tariffs and uncertainty negated a boost from services.

The Commerce Department released its third estimate of U.S. gross domestic product for the first quarter and found the economy contracted at an annual rate of 0.5%.

Business ECB economists improve GDP forecasting with ChatGPT FILE PHOTO: A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023.

The United States' Gross Domestic Product (GDP) contracted at an annual rate of 0.5% in the first quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This reading came in ...

After lobbying by US President Donald Trump, NATO leaders have promised to boost annual defence spending to 5% of their countries’ gross domestic product (GDP) by 2035. A NATO statement released ...

Consumer spending also slowed sharply, expanding just 0.5%, down from a robust 4% in fourth-quarter 2024.

Labor market, consumer spending, and revised GDP data show the economy is facing serious headwinds.

Potentially good news this week was that Edinburgh’s GDP per head has surpassed that of London for the first time. Even with a background in statistics and economics I wasn’t sure exactly what ...

The summit ended with a commitment to spend 5% of GDP on defence - more than double the current target of 2%.

First-quarter gross domestic product (GDP) growth was revised lower Thursday in light of reduced consumer spending, surprising economists. GDP contracted by 0.5 percent on an annualized basis, 0.3 … ...