US Economy
- Americas
Future is ‘Made in America’ Says Joe Biden After Signing $280 Billion CHIPS and Science Act
The CHIPS and Science Act is the Biden administration’s bet to incentivise chipmakers to reverse course and build fabs in…
Read More » - Americas
Recession Haunts as US Economy Shrinks for Second Straight Quarter
Real gross domestic product (GDP) in the US decreased at an annual rate of 0.9 per cent in the second…
Read More » - Americas
US Prez Joe Biden Clarifies That US Economy is Not Under Recession
US President Joe Biden said the country's economy is not heading into a recession. "In my view, the employment rate…
Read More » - Americas
US Economy Grows at Annualised 6.5% in Q2
In the first quarter, real GDP increased by 6.3 per cent, 0.1 percentage point less than previously reported, according to…
Read More » - COVID-19
US Economy Plunged 31.7% in Second Quarter Due to COVID-19
The Commerce Department downgraded its earlier estimate of the U.S. gross domestic product last quarter, finding that the devastation was…
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