Economic growth

February 08, 2019 - 12:23 am
BERLIN (AP) — German imports and exports both rose unexpectedly strongly in December, providing a positive note about the strength of Europe's largest economy amid growing worries. The Federal Statistical Office reported Friday that exports rose 1.5 percent from November, to 112.3 billion euros ($...
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Green traffic lights shine above the city of Frankfurt, Germany, Tuesday, Feb. 5, 2019. (AP Photo/Michael Probst)
February 07, 2019 - 7:23 am
FRANKFURT, Germany (AP) — European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the lower estimate was vulnerable to "large uncertainty" from slowing growth in China and weakening global trade. The EU's executive Commission cut the forecast...
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The Governor of the Bank of England, Mark Carney speaks during a news conference to confirm the main interest rate will remain at 0.75 percent, at the Bank of England in London, Thursday Feb. 7, 2019. The Bank of England said that Brexit uncertainties and a weaker global economy overall, mean that British growth in 2019 is likely to be 1.2 percent. (Hannah McKay/Pool via AP)
February 07, 2019 - 6:54 am
LONDON (AP) — The British economy is set to grow at its slowest rate since the global financial crisis a decade ago as the "fog of Brexit" causes heightened uncertainty, the Bank of England warned Thursday. With Britain due to leave the European Union in just 50 days, the central bank said that...
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February 06, 2019 - 12:02 am
BERLIN (AP) — German factory orders were down 1.6 percent in December compared with the previous month, official data showed Wednesday — a worse-than-expected performance that adds to worries about slowing growth in Europe's biggest economy. Economists had expected a 0.3 percent increase. However,...
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FILE- In this Jan. 30, 2019, file photo a buyer wanders between display walls of coats at the Outdoor Retailer & Snow Show in the Colorado Convention Center in Denver. The National Retail Federation, the nation's largest retail trade group, is forecasting that retail sales could grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in a mood to spend in a strong economy. (AP Photo/David Zalubowski, File)
February 05, 2019 - 10:43 am
NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, forecasts that retail sales should grow between 3.8 percent and 4.4 percent to more than $3.8 trillion this year as shoppers remain in the mood to spend in a strong economy and job market. The forecast,...
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A man walks by a Lunar New Year decoration on display outside a commercial office building in Beijing, Thursday, Jan. 31, 2019. China's manufacturing improved in January, a survey showed Thursday, but forecasters said activity remains sluggish as Beijing tries to resolve a tariff battle with Washington. (AP Photo/Andy Wong)
January 30, 2019 - 11:20 pm
BEIJING (AP) — China's manufacturing improved in January but activity was sluggish, a survey showed Thursday, as U.S. and Chinese negotiators wrangled in Washington over a tariff war. A measure of factory activity issued by the government statistics agency and an industry group rose 0.1 points on a...
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News about the Brexit are seen on a television screen with the curve of the German stock index DAX in background at the stock market in Frankfurt, Germany, Wednesday, Jan. 30, 2019. (AP Photo/Michael Probst)
January 30, 2019 - 4:32 am
FRANKFURT, Germany (AP) — The clouds darkened over Europe's slowing economy on Wednesday as the German government slashed its growth forecast and said concerns about a chaotic Brexit and trade tensions were holding back the continent's powerhouse. Germany's Economy Ministry said Wednesday it was...
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FILE- In this Nov. 23, 2018, file photo shoppers walk through Dolphin Mall on Black Friday in Miami. On Tuesday, Jan. 29, 2019, the Conference Board releases its January index on U.S. consumer confidence. (AP Photo/Lynne Sladky, File)
January 29, 2019 - 8:44 am
WASHINGTON (AP) — U.S. consumer confidence tumbled this month to its lowest reading in a year and a half, tested by the partial government shutdown and roiling financial markets. Still, consumer spirits remain robust by historic standards. The Conference Board, a business research group, said...
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President of European Central Bank Mario Draghi talks to the media during a press conference following the meeting of the ECB governing council in Frankfurt, Germany,Thursday, Jan.24, 2019. (Arne Dedert/dpa via AP)
January 28, 2019 - 8:49 am
FRANKFURT, Germany (AP) — With gloom spreading over the economy of the 19 countries that use the euro, European Central Bank head Mario Draghi said Monday that much of the drag on growth would ease if "clarity and peace" were to break out in the trade dispute between the U.S. and China. Draghi said...
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FILE- In this Oct. 26, 2018, file photo the rising sun silhouettes the U.S. Capitol dome at daybreak in Washington. A new government report says that the U.S. budget deficit is set to hit $897 billion this year and predicts that economic growth will slow as the effects of President Donald Trump’s tax cut on business investment begin to drop off. (AP Photo/Alex Brandon, File)
January 28, 2019 - 8:35 am
WASHINGTON (AP) — The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office. The report says the five-week shutdown has slowed growth in the near term but that most of the lost growth "will...
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