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Surprise Q4 fall in US GDP

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http://www.euronews.com/ The US economy unexpectedly contracted in the fourth quarter of last year as businesses scaled back on restocking and government spending plunged.

Gross domestic product fell at a 0.1 percent annual rate, in contrast to the previous quarter when it grew 3.1 percent.

Even though this was the first decline since the 2007-09 , there was some good with a pick-up in consumer spending and a rebound in business investment.

Still for policymakers, like those at the US central bank the Federal Reserve, the contraction could spur fears of a new .

The fact that the whole of last year the US economy grew by just 2.2 percent will certainly play into decisions from the two-day Fed meeting just wrapping up.

The report makes it more likely that Fed Chairman Ben Bernanke and the other decision makers will continue stimulating the US economy.

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3 Comments

3 Comments

  1. @DarknesSoldier

    April 8, 2024 at 10:41 am

    shut the fuck up conspiratard. No one is interested in your schizophrenic blabbering

  2. @radiodiary1

    April 8, 2024 at 10:41 am

    Recession or not I need to buy 2 pair shoes and 2 pair of pants…as soon as I can get to the malll. I'm also looking at buying a "used car".

  3. @MountainMan23

    April 8, 2024 at 10:41 am

    The idea that the Fed's "quantitative easing" is "stimulating the economy" is outrageous.

    They're just pumping large quantities of cash into the US stock market to keep it afloat and profitable to "investors". It's another bubble – the only kind of "economic stimulus" known by the Fed and the Powers That Be. And it does nothing to help the real economy where 95% of Americans live.

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Another Europe News

How should the European Union strengthen its’ economy

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How should the European Union strengthen its economy? Is it good for member states to take out loans?

MEP’s Pasquale Tridico and Markus Ferber give their opinions on this week’s episode of #TheRing.

Watch the full episode on .com

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France flaunts firepower and unity with allies as Macron hosts final Bastille Day parade

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France flaunts firepower and unity with allies as Macron hosts final Bastille Day parade

With nearly 6,700 troops, 98 aircraft, 31 helicopters and 315 vehicles, a record number of military personnel were marching the traditional route between the Arc de Triomphe and the Place de la Concorde.

READ MORE : http://www.euronews.com/2026/07/14/european-troops-join-paris-bastille-day-parade-in-show-of-unity-for-ukraine

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Is the US causing heat in Europe, evidence says no

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As the heat returns to Europe, social media accounts online are spreading misinformation on the cause of the recent temperatures. With some blaming the US for the heat in Europe. Available evidence does not support the claim.

#TheCube has the story.

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Can common debt fix Europe’s growth problem? MEPs debate in The Ring

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Can common debt fix Europe’s growth problem? MEPs debate in The Ring

In this week’s episode of The Ring, EU lawmakers Markus Ferber and Pasquale Tridico clash over whether common debt is the answer to Europe’s stagnant economy and weakened competitiveness.

READ MORE : http://www.euronews.com/2026/07/15/can-common-debt-fix-europes-growth-problem-meps-debate-in-the-ring

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Fact check: FIFA boss Infantino probe called for by MEPs, not whole parliament

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Fact check: FIFA boss Infantino probe called for by MEPs, not whole parliament

Viral posts falsely claim that the European Parliament called for an investigation into FIFA’s President Gianni Infantino.

READ MORE : http://www.euronews.com/2026/07/14/fact-check-european-parliament-did-not-call-for-fifa-probe

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