US gross domestic product grew at an annualized rate of 6.9% through the last three months of 2021, beating the median 5.5% estimate.
The Chinese government has warned of a "triple pressure of demand contraction, supply shock and weakening expectations."
Stocks eased after more signals from Federal Reserve officials that US rates will soon rise, while UK data showed robust British economic growth.
Global stocks rose after studies from the UK indicated people infected with the Omicron coronavirus variant may have a milder illness than with Delta.
Goldman Sachs lowered its US growth estimates for the first three quarters of 2022, pegging the update exclusively to Manchin's "no" vote on BBB.
Omicron could worsen the goods supply shortage if its spread in other countries warrants tightening of restrictions, according to Goldman Sachs.
Gross domestic product is a measure of the value of all goods and services produced in a country over a period of time.
JPMorgan and Morgan Stanley just boosted estimates for Q4 growth, but it's a strange type of boom — Americans' economic optimism is at a decade low.
The US is the only advanced country with a bigger economy now than before the pandemic. Thank a year-and-a-half of aggressive stimulus spending.
A strong earnings season helped neutralize concerns of investors on US economic growth, which was less than expected in the third quarter.
Goldman Sachs cut its US GDP forecast for 2021 and 2022 based on the ongoing impact of Covid-19 on spending and the semiconductor chip shortage.
The Wall Street bank's economists expect China's economy to grow 7.8% in 2021, down from a prior forecast of 8.2% expansion.
The gauge spiking is a "very strong warning signal" of a future market downturn, the billionaire investor and Berkshire Hathaway CEO has said.
Bank of America and Goldman Sachs both slashed forecasts for third-quarter growth. Americans just aren't spending enough to keep the recovery booming.
Just 27% of fund managers expected growth to improve, BofA said of a survey conducted before disappointing retail sales showed a slowdown.
Delta has brought Covid anxiety back in full force, but lockdown isn't as likely as a two-track economy for the vaccinated and for everyone else.
Jobs, demand, and wages have all boomed over the past few months. The Delta variant may change that, but the hot vax summer has been very real.
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