The US tightened its grip on the title of world’s biggest economy in 2024 as an irrepressible American consumer helped it pull away from China for a third straight year — at least by one measure.

Nominal economic growth is inclusive of inflation, while real economic growth is not. This calculation is done by factoring in a GDP deflator. A GDP deflator is the quotient of nominal GDP divided ...

The GDP deflator, which measures the change in price levels by comparing nominal (inflation-adjusted) GDP to real (constant price) GDP, will reach -0.2 percent this year, compared to the average 3 ...

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.

China's consumer inflation accelerated to its fastest in five months in January while producer price deflation persisted, ...

Deflationary pressures are likely to persist in China this year, analysts say, unless policymakers can rekindle sluggish ...

Budget 2025-26 is a mix of short-term measures for improving growth and medium-term measures for building expectations. The ...

The government’s estimate for growth was marginally lower than an MC poll of economists conducted a fortnight before the Budget, which had pegged the median at 10.4 percent ...

Korea registered a per capita gross domestic product (GDP) estimate of $36,024 for last year, outstripping Japan and Taiwan, ...