Summary
The U.S. economic growth report for the third quarter of 2024 indicates a real GDP growth rate of 2.8%, slightly below economists’ expectations. This follows a second quarter growth of 3%, and reflects an economy that is still grappling with challenges, including rising unemployment and inflation concerns.
The growth in Q3 was primarily driven by increases in consumer spending, exports, and federal government spending. However, the overall economic landscape remains complex, as the job market showed signs of weakness, with only 12,000 nonfarm payroll jobs added in October—far below the anticipated 110,000. This disappointing job growth, combined with a rising unemployment rate, has led to concerns about the sustainability of economic momentum. Additionally, the Federal Reserve’s previous high interest rates, aimed at curbing inflation, have contributed to a cautious economic environment, prompting a recent rate cut to stimulate growth. As the U.S. navigates these economic challenges, the implications for future growth and employment remain uncertain.
Third quarter U.S real GDP was 2.8%, slightly less than Dow Jones economists expected
Oct. 30 / Upi / Examines the U.S. GDP growth rate of 2.8% for Q3 2024, presenting a comprehensive view of economic drivers. It effectively integrates employment data, but could explore the implications for future growth. “ Oct. 30 (UPI) -- U.S. third quarter real Gross Domestic Product grew at an annual rate of 2.8%, according to a Wednesday advance estimate from the Bureau of...
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Oct. 25 / Cnbc / Details the upcoming meeting of China's parliament to discuss fiscal stimulus, creating anticipation for potential economic measures. However, it could benefit from more concrete insights into expected outcomes. “ A general view shows the skyline over the central business district in Beijing on Feb. 28, 2023. Jade Gao | Afp | Getty Images BEIJING — China's parliament...
Why US-Listed China ETFs Are Gaining Up To 6% In Friday's Premarket
Oct. 18 / Benzinga / Covers the positive economic indicators from China, linking them to the performance of U.S.-listed ETFs. While it highlights market reactions well, it could provide more context on the sustainability of this growth. “ China’s stronger-than-expected GDP figures for the third quarter have led to a notable surge in U.S.-listed China-based ETFs during pre-market trading. This...
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Oct. 18 / Nbc News / Reports on China's 4.6% GDP growth, slightly exceeding expectations, while acknowledging ongoing economic struggles. The article effectively contextualizes government measures but could delve deeper into potential outcomes. “ China ’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists...
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Oct. 18 / The Bbc / Covers the deepening economic slowdown in China, presenting GDP figures that fall short of expectations. The article effectively highlights government measures, yet it could delve deeper into long-term implications. “ China's economic slowdown deepened in the three months to the end of September, as the country struggles to boost flagging growth. Gross domestic product...
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Oct. 17 / Pr Newswire / Highlights China's forthcoming fiscal policy measures aimed at stabilizing growth, providing unique insights into government strategies. The piece effectively emphasizes the urgency of these changes amidst economic pressures. “ BEIJING , Oct. 16, 2024 /PRNewswire/ -- A series of fiscal policy measures that are set to be rolled out in the near future are expected to further boost...
China economy set to miss growth target in 2024 - poll
Oct. 15 / Forexlive / Discusses the World Bank's projections for China's economic growth, highlighting critical challenges like weak consumer spending. It provides a balanced perspective but could expand on the implications for regional economies. “ Economists are pointing to weaker consumption activity as the main drag. And even with improvements set to follow in Q4 amid a raft of stimulus measures,...
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Oct. 15 / Yahoo! News / Reports on China's GDP growth of 4.6%, slightly below targets, while showcasing other positive indicators. It balances good news with caution about the government's ability to meet its growth objectives. “
The American Who Waged a Tech War on China
Oct. 10 / Wired / Explores the implications of U.S. technology policy under Jake Sullivan, providing a deep dive into the geopolitical landscape. The article balances personal narrative with substantial insights into national security strategies. “ Jake Sullivan was standing in the middle of his office, which occupies an airy, sunlit corner of the West Wing, looking like he didn’t quite know what to do...
World Bank says China growth rate will drop next year, doubt over recent stimulus measures
Oct. 9 / Forexlive / Explores the World Bank's forecast for China's growth, emphasizing the need for structural reforms. The analysis is clear, yet it could engage more with specific policy suggestions to stimulate consumer demand. “ China Growth Set to Slow Further in 2025, World Bank Says Key quote: "The question is whether [the stimulus] can actually offset consumer concerns about...
Oct. 8 / Insider / Offers a detailed overview of China's economic forecasts, emphasizing the World Bank's prediction of slowing growth despite stimulus efforts. It effectively connects China's challenges to regional economic impacts, making it relevant. “ China's stimulus isn't enough to stem slowing GDP growth, the World Bank said this week. Neighboring countries will see their growth contract after years of...
China's growth is set to slow next year despite temporary boost from stimulus, World Bank warns
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China state planner lays out further actions to boost economy but no new plans for major stimulus
Oct. 8 / Cnbc / Reports on China's National Development and Reform Commission's (NDRC) actions to stimulate growth, though it lacks substantial new initiatives. The tone is informative, but it may leave investors wanting more concrete plans. “ The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. Greg Baker | Afp | Getty Images Zheng Shanjie, chairman...