As we wait for the second-quarter GDP numbers to come out at the end of this week, the White House is already playing cleanup by letting the public know that the definition of "recession" is fluid and ...

The U.S.' economic landscape remains far from picturesque, with a housing market downturn, inflation spikes and consumer price increases darkening the landscape. Economists, investors and brokers ...

The White House recently laid out why two quarters of negative growth doesn't always signal a recession. Yet a growing number of voices has accused the administration of changing the definition of a ...

Government spending is quite literally a part of the definition of GDP in every economics textbook. But now Commerce Secretary Howard Lutnick says he wants to take government spending out of that ...

How do you measure progress? Specifically, what statistics, what numbers do you look at to see if a country is improving or backsliding? The most well-known economic indicator around the world is ...

When it is growing, especially if inflation is not a problem, workers and businesses are generally better off than when it is not Many professions commonly use acronyms. To doctors, accountants, and ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. We recently got the trade deficit numbers and it widened the last month. Peter Schiff notices that GDP is ...

The ICP is a complex international statistical exercise, and its methodology has evolved over several decades. The 2021 cycle maintained the same core methods and procedures applied in the 2011 and ...