By Tom Ozimek U.S. economic growth for the fourth quarter of 2023 has been revised upward, to 3.4 percent from 3.2 percent in the government’s third—and final—update of gross domestic product (GDP) figures, although real-time GDP estimates for the first quarter of 2024 have fallen sharply, undercutting hopes for an economic “soft landing.” The economy […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.