Explore the impact of the U.S. trade deficit reaching new heights alongside declining GDP forecasts, and what it means for the economy and various industries.

United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data was reported at 23.000 % in May 2018. This stayed constant from the previous number of 23.000 % for Apr 2018. United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data is updated monthly, averaging 19.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 46.000 % in Apr 1980 and a record low of 6.000 % in May 1983. United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: And how about a year from now, do you expect that in the country as a whole, business conditions will be better, or worse than they are at present, or just about the same?

United States LS: Worsening Industry Problems (WP): Not Important data was reported at 50.000 % in Oct 2018. This records an increase from the previous number of 44.400 % for Jul 2018. United States LS: Worsening Industry Problems (WP): Not Important data is updated quarterly, averaging 45.550 % from Jan 2008 (Median) to Oct 2018, with 44 observations. The data reached an all-time high of 83.300 % in Jul 2014 and a record low of 8.200 % in Jan 2009. United States LS: Worsening Industry Problems (WP): Not Important data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.S027: Senior Loan Officer Opinion Survey: Lending Policies: Reason for Credit Tightening. Senior Loan Officer Survey Questionnaire: If your bank has tightened its credit standards or its terms for C&I loans or credit lines over the past three months, how important have been the worsening of industry-specific problems for the change?

United States CSI: Personal: HH Fin'l Situation: 1Yr Ago: Worse: Prices are Higher data was reported at 8.000 % in May 2018. This stayed constant from the previous number of 8.000 % for Apr 2018. United States CSI: Personal: HH Fin'l Situation: 1Yr Ago: Worse: Prices are Higher data is updated monthly, averaging 13.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 48.000 % in Jun 2008 and a record low of 4.000 % in Jan 2000. United States CSI: Personal: HH Fin'l Situation: 1Yr Ago: Worse: Prices are Higher data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H024: Consumer Sentiment Index: Personal Finance. The question was: We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago? Responses to the query 'Why do you say so?'

United States CSI: Personal: Current Financial Situation: 5Yrs Ago: Worse data was reported at 19.000 % in Sep 2018. This records a decrease from the previous number of 22.000 % for Aug 2018. United States CSI: Personal: Current Financial Situation: 5Yrs Ago: Worse data is updated monthly, averaging 34.000 % from Feb 1979 (Median) to Sep 2018, with 123 observations. The data reached an all-time high of 54.000 % in Dec 2011 and a record low of 19.000 % in Sep 2018. United States CSI: Personal: Current Financial Situation: 5Yrs Ago: Worse data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H027: Consumer Sentiment Index: Personal Finance. The question was: Now thinking back 5 years, would you say you (and your family living there)are better off or worse off financially now than you were 5 years ago?

CSI: Personal: Expected Financial Situation: Next Yr: Worse data was reported at 11.000 % in May 2018. This records an increase from the previous number of 9.000 % for Apr 2018. CSI: Personal: Expected Financial Situation: Next Yr: Worse data is updated monthly, averaging 12.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 31.000 % in Apr 1980 and a record low of 3.000 % in Jan 2000. CSI: Personal: Expected Financial Situation: Next Yr: Worse data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H024: Consumer Sentiment Index: Personal Finance. The question was: Now looking ahead -- do you think that a year from now you (and your family living there) will be better off financially, worse off, or just about the same as now?

China’s export benefits from the significant fiscal stimulus in the United States. This paper analyzes the global spillover effect of the American economy on China’s macro-economy using the Markov Chain Monte Carlo (MCMC)-Gibbs sampling approach, with the goal of improving the ability of China’s financial system to protect against foreign threats. This paper examines the theories of the consequences of uncertainty on macroeconomics first. Then, using medium-sized economic and financial data, the uncertainty index of the American and Chinese economies is built. In order to complete the test and analysis of the dynamic relationship between American economic uncertainty and China’s macro-economy, a Time Varying Parameter-Stochastic Volatility-Vector Autoregression (TVP- VAR) model with random volatility is constructed. The model is estimated using the Gibbs sampling method based on MCMC. For the empirical analysis, samples of China’s and the United States’ economic data from January 2001 to January 2022 were taken from the WIND database and the FRED database, respectively. The data reveal that there are typically fewer than 5 erroneous components in the most estimated parameters of the MCMC model, which suggests that the model’s sampling results are good. China’s pricing level reacted to the consequences of the unpredictability of the American economy by steadily declining, reaching its lowest point during the financial crisis in 2009, and then gradually diminishing. After 2012, the greatest probability density range of 68% is extremely wide and contains 0, indicating that the impact of economic uncertainty in the United States on China’s pricing level is no longer significant. China should therefore focus on creating a community of destiny by working with nations that have economic cooperation to lower systemic financial risks and guarantee the stability of the capital market.

Graph and download economic data for Number of Other Domestic Banks That Tightened and Reported That Worsening of Industry-Specific Problems Was a Very Important Reason (SUBLPDCIRTIVOTHNQ) from Q3 1990 to Q2 2025 about domestic, banks, depository institutions, industry, and USA.

United States CSI: Personal: HH Fin'l Situation: 1Yr Ago: Worse: Debts are Higher data was reported at 2.000 % in May 2018. This records a decrease from the previous number of 3.000 % for Apr 2018. United States CSI: Personal: HH Fin'l Situation: 1Yr Ago: Worse: Debts are Higher data is updated monthly, averaging 2.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 6.000 % in Oct 2016 and a record low of 0.000 % in Aug 1998. United States CSI: Personal: HH Fin'l Situation: 1Yr Ago: Worse: Debts are Higher data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H024: Consumer Sentiment Index: Personal Finance. The question was: We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago? Responses to the query 'Why do you say so?'

In 2023, the United States had a real gross domestic product of about 22 trillion U.S. dollars (2017 chained). See the U.S. GDP for further information. Real Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices.

Real GDP in the U.S.

The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 22 trillion U.S. dollars in 2023. Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. One of the defining qualities of the United States’ economy is its diversity and advanced technological advancements. Industries such as finance, real estate, health care, and business and education services are large contributors to the economy, while the manufacturing sector accounts for about 11 percent of the country’s wealth.

The GDP generated by each state can also vary widely based on principal industries and production. In 2021, California had the highest state GDP in the United States, reaching 3.35 trillion U.S. dollars; comparatively, Vermont generated a GDP of 36.17 billion U.S. dollars in that year.

United States Report On Business: PMI: Production: Worse data was reported at 11.200 % in Oct 2018. This records an increase from the previous number of 9.600 % for Sep 2018. United States Report On Business: PMI: Production: Worse data is updated monthly, averaging 15.600 % from Jan 1948 (Median) to Oct 2018, with 842 observations. The data reached an all-time high of 55.700 % in Dec 2008 and a record low of 3.000 % in Apr 1984. United States Report On Business: PMI: Production: Worse data remains active status in CEIC and is reported by Institute for Supply Management. The data is categorized under Global Database’s USA – Table US.S001: Institute for Supply Management: Purchasing Manager Index.

This paper documents a set of facts about the dramatic decline in birth rates in the United States between 2007 and 2020 and explores possible explanations for it. The overall reduction in the birth rate reflects both very large declines within certain groups of women, including teens and Hispanic women – and smaller declines among demographic groups that comprise a large population share, including college-educated white women. We explore potential economic, policy, and social factors that might be responsible for the overall decline. We conclude from our empirical examination of possible factors that there is not a readily identifiable economic or policy factor or set of factors this is likely responsible for a substantial share of the decline. Instead, the patterns observed suggest that widespread, hard to quantify changes in preferences for having children, aspirations for life, and the nature of parenting are more likely behind the recent decline in US births. We conclude with a brief discussion about the societal consequences for a declining birth rate and what the United States might do about it.

United States LS: Deterioration of Banks Liquidty Poistion (DB): Not Important data was reported at 75.000 % in Oct 2018. This records a decrease from the previous number of 80.000 % for Jul 2018. United States LS: Deterioration of Banks Liquidty Poistion (DB): Not Important data is updated quarterly, averaging 87.500 % from Jan 2008 (Median) to Oct 2018, with 44 observations. The data reached an all-time high of 100.000 % in Jul 2015 and a record low of 20.000 % in Apr 2011. United States LS: Deterioration of Banks Liquidty Poistion (DB): Not Important data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.S027: Senior Loan Officer Opinion Survey: Lending Policies: Reason for Credit Tightening. Senior Loan Officer Survey Questionnaire: If your bank has tightened its credit standards or its terms for C&I loans or credit lines over the past three months, how important have been the increase in borrowers default in debt market for the change?

United States Report On Business: PMI: New Export Orders: Worse data was reported at 3.100 % in Jun 2018. This records a decrease from the previous number of 6.200 % for May 2018. United States Report On Business: PMI: New Export Orders: Worse data is updated monthly, averaging 8.300 % from Jan 1988 (Median) to Jun 2018, with 366 observations. The data reached an all-time high of 36.800 % in Dec 2008 and a record low of 0.700 % in Apr 2010. United States Report On Business: PMI: New Export Orders: Worse data remains active status in CEIC and is reported by Institute for Supply Management. The data is categorized under Global Database’s USA – Table US.S001: Institute for Supply Management: Purchasing Manager Index.

Graph and download economic data for Number of Foreign Banks That Tightened and Reported That Worsening of Industry-Specific Problems Was a Somewhat Important Reason (SUBLPFCIRTISNQ) from Q4 1990 to Q2 2025 about foreign, banks, depository institutions, industry, and USA.

Graph and download economic data for Number of Other Domestic Banks That Tightened and Reported That Deterioration in Current or Expected Capital Position Was a Very Important Reason (SUBLPDCIRTCVOTHNQ) from Q3 1990 to Q2 2025 about capital, domestic, banks, depository institutions, and USA.

In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

Graph and download economic data for Labor Force Participation Rate - Men (LNS11300001) from Jan 1948 to May 2025 about males, participation, 16 years +, labor force, labor, household survey, rate, and USA.

According to a survey carried out in the first quarter of 2023, 44 percent of bank executives experienced worsening economic conditions at their institutions in the past 12 months. In contrast, 21 percent of the respondents experienced worsening conditions in the first quarter of 2022. In terms of future expectations, 54 percent of the respondents predicted a decline in the economic conditions at their respective banks in the first quarter of 2023, while only 46 percent expected a decline in the first quarter of 2022.

Graph and download economic data for 13) To the Extent That the Price or Nonprice Terms Applied to Trading Reits Have Tightened or Eased over the Past Three Months (as Reflected in Your Responses to Questions 11 and 12), What Are the Most Important Reasons for the Change?| A. Possible Reasons for Tightening | 6. Worsening in General Market Liquidity and Functioning. | Answer Type: First in Importance (CTQ13A6MINR) from Q1 2012 to Q1 2025 about ease, REIT, marketable, general, change, liquidity, 3-month, trade, price, and USA.