Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.

U.S. gross domestic product grew by 2,3% in Q4 2024 after expanding by 3.1% in Q3. Consumption was the lion's share of growth as investment fell on inventory declines.

The dollar was edging higher against a basket of currencies, recovering modestly after falls the previous day following weak U.S. gross domestic product data. Markets turn cautious ahead of possible announcements by President Trump on tariffs,

Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.

Before the budget is presented in Parliament, it is important to understand some important terms that frequently come up during budget speeches. Here's a simple explanation of some terms.

U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce

Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, nominal GDP might look stronger even though people aren’t buying more.

The U.S. economy expanded throughout 2024, but growth slowed in the last three months of the year as businesses pulled back on investments and exported fewer goods overseas.

The tourism industry regained its 5 per cent contribution to the gross domestic product (GDP) in FY23, the Economic Survey 2024-2025 stated.

OTTAWA - Statistics Canada says real gross domestic product decreased 0.2 per cent in November, the largest monthly contraction since December 2023.

The Survey says there are many upsides to domestic investment, output growth and disinflation in FY26, but there are equally strong, extraneous, downsides too