The United States economy may shrink by 8% of gross domestic product (GDP). This will happen if US President Donald Trump succeeds in deporting all illegal immigrants from the United States, Bloomberg reports.

Donald Trump has vowed to turbo-charge the U.S. economy, but it’s been expanding well above its typical speed for more than two years and it probably finished 2024 with another burst of strong growth.

Gao’s sin? Saying that China may have grown just 2% over the last two or three years, less than half the rate Xi’s government claims. The reason Gao is allegedly being silenced is for shining a brighter-than-usual spotlight on one of the biggest perception problems facing Xi’s Communist Party: that China routinely cooks the GDP books.

Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs.

In virtual remarks to the annual meeting of the World Economic Forum in Davos, Switzerland, President Donald Trump on Thursday spouted many false or misleading economic claims. Here’s a quick rundown.

The American economy ended 2024 on a strong note - but inflation pressure remains. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at 2.3 percent the annual rate from October through December.

Trump has said members of the military alliance should spend 5% of their gross domestic product (GDP) on defence – a huge increase from the current 2% goal and a level that no NATO country, including the United States, currently achieves. Copyright 2025 Thomson Reuters.

President Donald Trump said he was open to potentially ... Following Trump's demands that NATO members spend 5% of their gross domestic product, he questioned whether the U.S. should be spending ...

Facing U.S. President Donald Trump's ongoing criticism about ... NATO's military investment benchmark of two per cent of gross domestic product within two years. That accelerated timeline to ...

U.S. President Donald Trump on Thursday said he was not sure the United States should be spending anything on NATO, telling reporters the U.S. was protecting NATO members, but they were "not protecting us.

Economists say Trump’s second-term tariffs, if carried out as promised, could put even more downward pressure on the economy, because he’s framed them as across-the-board, rather than targeted to particular consumer products or commodities.