Environmentally harmful subsidies currently stand at no less than $2.6 trillion per year, $800 billion higher than 2022 estimates and equivalent to 2.5% of global gross domestic product (GDP), ...

The state debt of the United Kingdom is as big as the country's gross domestic product for the first time since the 1960s.

Official figures showed higher spending on public services, while national debt hit levels last seen in the early 1960s.

The MSCI ACWI rose 2.23% during the quarter on the prospect of policy rate cuts in late 2024 and continued optimism around ...

Official figures showed higher spending on public services, while national debt hit levels last seen in the early 1960s.

The Japanese economy grew almost as fast as initially estimated in the April-June quarter thanks to a spending recovery, ...

The domestic economy marginally shrank in the second quarter of the year by 0.5%, according to Central Statistics Office.

In the June 2024 quarter, compared with the March 2024 quarter: • GDP fell 0.2 percent • expenditure on GDP was flat, at 0.0 percent • GDP per capita fell 0.5 percent • real gross national disposable ...

GDP looks at production that happens within U.S. borders — no matter who does it — emphasis on the where. David Wasshausen of the BEA has a couple examples.

All of which speaks to the impressive fatuity of economics, the profession. While there are Keynesian (majority) and ...

With half a decade of geopolitical chaos, recession in Europe, and above-target inflation, the US economy has remained ...

Mainstream economists speak of GDP as though it is the economy itself, however, GDP is not a good measure of economic reality ...