Economics is no different. Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports ...

The nation's gross domestic product — the total value of products and services — shrank at a 0.3% annual rate, down from growth of 2.4% in the final three months of 2024, the Commerce ...

In 2024, the last year of President Joe Biden’s term, U.S. economy grew by 2.8 percent. Here's how it's doing now.