Explore consumerism's role in driving economic growth, its benefits, drawbacks, and impact on society, economy, and the ...

Key Takeaways A nation's GDP is the total value of all of its consumer and government spending, investments, and exports, minus the value of its imports. Nominal GDP reflects the raw numbers in ...

Consumer spending was — once again — key to GDP growth last quarter Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose ...

The update to gross domestic product was a reversal of the 0.5% decline seen in the first quarter and an increase from the earlier estimate of a 3% gain. But economists are warning the economy will ...

Consumers splurged on goods in particular, but also on services, and moved the GDP needle. Real GDP grew 2.8% annualized in Q3 from Q2, well above the 15-yr pre-pandemic average of 2.0%.

Two surveys reflecting dimming consumer and business outlook under Trump coincided with today's announcement that three years of GDP growth ended in the first quarter.

Consumers are still doing all the things — shopping, vacationing, going out to eat, despite high interest rates. One take: Maybe rates should have peaked higher to really slow down spending.

AI spending is expected to contribute as much to GDP growth as private consumption by 2025, marking a significant shift in ...

US economy rebounded 3.3% in Q2 2025 as imports fell and consumer spending picked up, easing fears after first-quarter contraction.

The current political discussion about tariffs has led to confusion about imports and GDP. Business leaders assessing the economic outlook should understand the issue.