The International Monetary Fund downgraded the economic growth outlook for the United States to 1.6 percent in 2016, which is the largest one-year drop seen for an advanced economy, according to the Fund’s World Economic Outlook report.
Americans’ confidence in the economy is only one index point away from its 2016 low, according to Gallup’s Economic Confidence Index.
The Dodd-Frank financial reforms born out of the 2008 Great Recession have cost the average American household $310 annually, according to a new study.
The pace of economic growth in the United States since the end of the recession in 2009 has been slower than that of the previous 10 expansions, with the worst rate since at least 1949, according to a report from the Congressional Research Service.
President Obama is set to return to Elkhart, Indiana, Wednesday to position the region’s slashed unemployment rate as a success story of his administration’s $800 billion economic stimulus package.
A Federal Reserve official forecasted lower GDP growth for 2016 than levels seen during the already weak post-recession expansion.