Economic growth

February 13, 2020 - 5:30 am
BEIJING (AP) — China’s auto sales plunged in January, deepening a painful downturn in the industry’s biggest global market and adding to economic pressures as the country fights a virus outbreak. Sales of SUVs, sedans and minivans fell 20.2% from a year earlier to 1.6 million, an industry group,...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)
February 11, 2020 - 12:07 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces some risk from the broadening viral outbreak that began in China. Giving the Fed’s semiannual monetary report to Congress,...
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British Prime Minister Boris Johnson outlines his government's negotiating stance with the European Union after Brexit, during a key speech at the Old Naval College in Greenwich, London, Monday, Feb. 3, 2020. (AP Photo/Frank Augstein, Pool)
February 11, 2020 - 6:09 am
LONDON (AP) — Uncertainty related to Brexit seems to have weighed heavily on the British economy during the final quarter of 2019 as output flat-lined, official data showed Tuesday. In its first assessment of the quarter as a whole, the Office for National Statistics said increases in the services...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
Associated Press
February 10, 2020 - 5:22 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan...
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FILE - In this Oct. 1, 2019, file photo, Gory Rodriguez, of Starbucks, right, interviews a job applicant during a job fair at Dolphin Mall in Miami. The January U.S. jobs report on Friday, Feb. 7, 2020, may provide timely evidence of the U.S. economy's enduring health. (AP Photo/Lynne Sladky, File)
AP News
February 07, 2020 - 4:59 pm
WASHINGTON (AP) — U.S. hiring jumped last month, and many more people were encouraged to look for work, showing that the economy remains robust despite threats from China’s viral outbreak, an ongoing trade war and struggles at Boeing. The strong job growth gives President Donald Trump more evidence...
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Greece's Prime Minister Kyriakos Mitsotakis, left, speaks with the European Commissioner for Economy Paolo Gentiloni during their meeting at Maximos Mansion in Athens, Thursday, Feb. 6, 2020. Gentiloni will have a series of meetings with Greek top officials in the context of the European Semester, the EU's cycle of economic and fiscal policy coordination among member states. (AP Photo/Thanassis Stavrakis)
February 06, 2020 - 10:39 am
ATHENS, Greece (AP) — The European Union's new economy commissioner says Greece's bailout lenders are willing to discuss a request by Athens to ease strict budget targets that would help speed up the country's recovery. While visiting Athens Thursday, Paolo Gentiloni sai d discussions could begin...
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German Interior Minister Horst Seehofer, left, talks with German Economy Minister Peter Altmaier, right, prior for the weekly cabinet meeting of the German government at the chancellery in Berlin, Germany, Wednesday, Feb. 5, 2020. (AP Photo/Jens Meyer)
February 06, 2020 - 3:09 am
BERLIN (AP) — Factory orders in Germany declined by a hefty 2.1% in December compared with the previous month on a sharp drop in demand from other countries in the eurozone. The Economy Ministry said Thursday that orders, an important indicator for Europe's biggest economy, were down 0.5% in the...
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February 05, 2020 - 1:33 am
CANBERRA, Australia (AP) — Australia's deadly wildfires will have no impact on the nation's economic growth this year but the impact of a new virus is still unknown, the head of the Australian central bank said on Wednesday. The wildfires have killed 33 people and destroyed more than 3,000 homes in...
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File- In this Tuesday, Jan. 21, 2020, file photo, a car drives past an under-construction building in Mumbai, India, Tuesday, Jan. 21, 2020. India’s government expects the economy to expand up to 6.5% in the next fiscal year, starting in April, and hopes to follow China's example in developing labor intensive industries and exports. (AP Photo/Rafiq Maqbool, File)
January 31, 2020 - 6:01 am
NEW DELHI (AP) — India’s government projects the economy will grow up to 6.5% in the next fiscal year, starting in April, and hopes to follow China's example in developing labor intensive industries and exports. An economic survey for 2019-20 presented to Parliament by Finance Minister Nirmala...
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A rainbow fills the sky over the Elysee Palace in Paris, Friday, Jan. 17, 2020. (AP Photo/Michel Euler)
January 31, 2020 - 5:03 am
BRUSSELS (AP) — The eurozone economy, made up of the 19 countries that use the euro, barely grew in the final quarter of 2019 as both France and Italy contracted, official figures showed Friday. In its first estimate for the quarter, statistics agency Eurostat said the eurozone grew by only 0.1%...
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