Government spending makes up 6% of total gross domestic product. And besides, spending cuts come with economic ripple effects.

A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.

December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer spending, official data showed on Friday.

A rewind of how the U.S. economy performed in the final three months of 2024 still looks pretty darn good: The increase in gross domestic product was unchanged at a 2.3% annual growth rate. inflation was a bit worse than previously reported,

Canada’s economy perked up in the final months of last year as consumers continued to ramp up their spending, spurred on by the central bank’s rapid-fire interest-rate cuts.

Canada's gross domestic product in the fourth quarter expanded by 2.6% on an annualized basis, surpassing widespread expectations, as a jump in consumer spending, business investments and exports lifted growth,