Real GDP rose at just a 0.7% annual rate, falling well short of the 1.4% forecast and marking a steep drop-off from the 4.4% final estimate seen in Q3. Current growth is below both the long-term ...

In 2025, the EU’s real gross domestic product (GDP) grew by 1.5%. This was higher than the 1.1% recorded in 2024 according to Eurostat. So, which countries recorded the highest real GDP growth? And ...

The idea that defense spending should somehow be a consistent percentage of GDP is as fallacious as it is wasteful. Consider a recent Washington Post editorial. It oddly asserted that “Throughout the ...

The Department of Commerce revised its economic growth estimate for the fourth quarter of 2025 from 1.4% to 0.7% on Friday, lowering an already underwhelming figure and indicating a more pronounced ...

Global growth is projected at 3.1 percent in 2024 and 3.2 percent in 2025, with the 2024 forecast 0.2 percentage point higher than that in the October 2023 World Economic Outlook (WEO) on account of ...

KENNETH ROGOFF is Maurits C. Boas Professor of Economics at Harvard University and a former chief economist and Research Department director at the IMF. YUANCHEN YANG is an economist in the IMF’s ...