By Tom Ozimek U.S. economic growth for the fourth quarter of 2023 has been revised upward, to 3.4 percent from 3.2 percent in the government’s third—and final—update of gross domestic product (GDP) figures, although real-time GDP estimates for the first quarter of 2024 have fallen sharply, undercutting hopes for an economic “soft landing.” The economy […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.