What is the current account deficit?
A prolonged war in Ukraine has pushed the prices of crude oil beyond $100 a barrel. And due to it, the trade deficit in June soared to a high of $25.63 billion. It stood at $9.61…
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gdp
CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by
A person runs in front of the U.S. Capitol building during morning hours in Washington, February 10, 2022.Brendan McDermid | ReutersU.S. economic growth will exceed 3% in 2022, while roaring inflation has topped and will cool each month…
Sensex, Nifty may give double-digit returns after recent correction; check top stock
Talking stock, ICICI Securities said that Capital-intensive stocks along with cyclical and value bets are likely to outperform after decadal underperformance.
(Image: REUTERS)The recent correction in Sensex and Nifty is only improving…
4 Things to Watch in Today’s GDP Report. A Growth Spurt Is in the Cards.
Trade figures to be the wildcard in the latest reading on U.S. economic growth amid strong demand for…
First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower
A 'We're Hiring!' sign is posted at a Starbucks in Los Angeles, California.Mario Tama | Getty ImagesThe U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong…
U.S. Economy Grows as Fourth-Quarter GDP Shows Strongest Year in Decades
The U.S. economy grew rapidly in the fourth quarter of last year, advancing to a 6.9% annual rate, capping the strongest year of growth in nearly four decades as the country rebounded quickly from the pandemic-induced recession.But…
Shares slide as sentiment ebbs on rate fears, yields rise
Investors cautious ahead of ECB meeting, U.S. CPI dataWhite House expects next inflation numbers to be elevatedCrude surges to 13-week high on rising U.S. demandGlobal growth worries sap investment sentimentNEW YORK, June 8 (Reuters) -…