Gross Domestic Product – Page 2

U.S. Economic Growth Accelerated in the Third Quarter

Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious consumer spending. But the pace is not expected to be sustained.

China’s Economy Grew More Than Expected Over the Summer

The government invested heavily on infrastructure, state-owned banks financed a boom in factory construction and consumers spent more, but the housing sector stumbled.

Russia’s Economy Is Increasingly Structured Around Its War in Ukraine

The nation’s finances have proven resilient, despite punishing sanctions, giving it leeway to pump money into its military machine.

U.S. Government Shutdown Is Unlikely to Cause an Immediate Recession

White House and Wall Street estimates suggested the economy could withstand a brief shutdown, with risks mounting the longer it lasts.

Ozempic and Wegovy, Novo Nordisk’s Weight Loss Drugs, Reshape Denmark’s Economy

Novo Nordisk, the Danish company behind two popular obesity medications, is reaping huge profits and is now responsible for most of Denmark’s economic growth.