U.S. Deficit Shrank Last Fiscal Year, but Is Poised to Widen as Economy Slows
The U.S. budget deficit narrowed last year, but a cooling economy and rising interest rates put it on track to...
economic growth
Essay | Janet Yellen’s Learning Curve
When Janet Yellen testified before a congressional commission almost a decade ago about the 2007-2009 global financial crisis, an interlocutor...
Economists Now Expect a Recession, Job Losses by Next Year
The U.S. is forecast to enter a recession in the coming 12 months as the Federal Reserve battles to bring...
Developing Countries Face Stiff Economic Headwinds, World Bank Chief Says
WASHINGTON—The head of the World Bank warned that developing nations face an extremely challenging near-term outlook, as the sharp slowdown...
Economy Week Ahead: Housing Market and Consumer Spending in Focus
Tuesday The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last...
War, Inflation Knock World Economy Off Balance
The global economy is sputtering and financial markets are flashing red, reflecting a sense on Wall Street that a sharper...
China’s Downturn Moderates, Though Property Woes Linger
HONG KONG—Renewed Covid-19 curbs and a worsening property downturn are dampening the outlook for China’s economy, despite some modest signs...
U.S. Trade Deficit Shrank in July
The U.S. reported a sharp narrowing in the July trade deficit due to weaker demand for imports, a positive sign...
Consumers Feel Worse Now Than They Did During Covid Lockdowns
The University of Michigan survey of consumer sentiment measures how U.S. consumers feel about their personal finances, business conditions and...
U.S. GDP Fell Less Than Previously Thought in Second Quarter
The second-quarter decline in U.S. economic output was less severe than initially estimated and unemployment claims fell slightly last week,...
Japanese Economy Recovers Prepandemic Size With 2.2% Growth
TOKYO—Japan’s economy recovered its prepandemic size in the April-June quarter thanks to strong consumer spending and higher exports, but inflation...
If This Is a Recession, We Might Not Know for Months
As the Federal Reserve continues to raise interest rates in its fight against the highest inflation in more than four...
Economy Week Ahead: U.S. Growth, Interest Rates and Wages in Focus
Tuesday The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas, will show...
U.S. Inflation Hits New Four-Decade High of 9.1%
U.S. consumer inflation climbed to 9.1% in June, a pace not seen in more than four decades, adding pressure on...
If the U.S. Is in a Recession, It’s a Very Strange One
Economic output is down—but the job market is strong, unlike in previous recessions. It’s the latest twist in the odd...
Consumer Sentiment at Record Low Is Another Ominous Sign for Economy
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation is weighing on Americans’ moods and adding...
U.S., European Economies Slow Sharply as Recession Risks Grow
The U.S. and European economies slowed sharply in June as surging prices of energy and food weakened demand for other...
Recession Probability Soars as Inflation Worsens
Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
China’s Slowdown Poses Credibility Test for Economic Data
SINGAPORE—A severe slowdown for China’s economy during a year of acute political sensitivity for Chinese leader Xi Jinping is testing...
