The Bureau of Economic Analysis said the improved second-quarter GDP results are credited to a decrease in imports, which are ...

WASHINGTON, June 26 (Reuters) - 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 ...

The U.S. economy shrank faster than previously thought during the first three months of 2025, with growth contracting for the first time in three years. The country's gross domestic product fell at an ...

The U.S. economy grew at its fastest pace in nearly two years in the second quarter, with GDP revised up to 3.8% on stronger consumer spending and a narrower trade deficit. The Commerce Department’s ...

The broader U.S. economy still appears to be in pretty good shape thanks to American consumers The Federal Reserve cut interest rates last week because of fresh worries about the jobs market, but the ...

The Australian economy gathered pace in the June quarter as consumers splurged on non-essentials like cars, furniture and appliances, but economists say a sustained lift in growth is not possible ...

The US economy staged a strong rebound this spring, recovering from its first contraction in three years as imports fell and consumer activity firmed. The Commerce Department reported Thursday that ...

An uptick in consumer spending has likely softened the decline in GDP in the first quarter, suggesting that the worst of the recession may already be over, many economists say. Consensus is for a 5.0% ...

US President Donald Trump recently announced an additional 25 per cent tariffs on Indian imports, citing New Delhi's continued purchase of Russian oil. CA Nitin Kaushik said in his social media post ...

SYDNEY, Sept 3 (Reuters) - Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over ...

The U.S. economy expanded faster between April and June than previously estimated, as growth bounced back after slumping in the first quarter, new government data shows. The Commerce Department said ...