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GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

Meanwhile, the Russian economy is expected to contract by some 11% this year as a result of sanctions, and several other countries in the region are projected to fall into recession.

U.S. employers added 187,000 jobs in July, still marking a steady pace of growth. The unemployment rate edged down to 3.5%.

U.S. GDP grew at a record 33.1% annualized pace in the third quarter, erasing some but not all of the damage done by the coronavirus recession.

Economists expect the additional federal spending, coupled with an improving public health picture, will jumpstart economic growth this year.

Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.

Gov. Ron DeSantis said he’s appointing a task force that will inform state officials on when and how to reopen Florida’s economy. The governor told...

If Congress were to approve the TransPacific Partnership, the economy would expand by .15 percent by 2032, according to a report by the U.S. International Trade Commission.

The U.S. stock market reacted to the U.K.'s announcement that it's leaving the European Union. Repercussions from the historic decision are being felt around the world.

Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.