Economic growth

An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. China's economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. (Chinatopix via AP)
January 20, 2020 - 5:24 am
WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in...
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FILE - In this May 14, 2019 file photo, a Cosco Shipping container ship passes the Golden Gate Bridge in San Francisco bound for the Port of Oakland. For major shipping companies dealing with trade wars and a slowing global growth, conditions appear to have deteriorated as 2019 came to a close. Global shipping and logistics provider Expeditors International said Friday, Jan. 17, 2020 that it expects fourth quarter operating income to fall between $177 million and $183 million. (AP Photo/Eric Risberg, File)
January 17, 2020 - 10:19 am
For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated for some as 2019 came to a close. Global shipping and logistics provider Expeditors International said Friday that it expects fourth quarter operating income to fall between $177...
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In this Jan. 3, 2020, photo, workers make sneakers in a factory in Jinjiang city in southeastern China's Fujian province. China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday, Jan. 17, showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the previous quarter’s level of 6%. (Chinatopix Via AP)
January 17, 2020 - 8:27 am
BEIJING (AP) — China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. The world’s second-largest economy grew by 6.1%, down from 2018’s 6.6%,...
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FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)
January 17, 2020 - 1:04 am
Global stock markets followed Wall Street higher on Friday after China reported 6.1% economic growth in 2019 and Washington and Beijing signed an interim trade agreement. London and Frankfurt opened higher, while Shanghai, Tokyo and Hong Kong advanced after the U.S. benchmark S&P 500 index hit...
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A cargo ship passes the buildings of the banking district on the river Main in Frankfurt, Germany, Monday, Dec. 30, 2019. (AP Photo/Michael Probst)
January 15, 2020 - 3:12 am
BERLIN (AP) — The German economy expanded by 0.6% last year, its worst performance since 2013, as export growth slowed and manufacturing was weak. It was the 10th consecutive year of growth, the longest period since Germany was reunited in 1990, the Federal Statistical Office said Wednesday. But...
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FILE - In this Oct. 21, 2013, file photo, the JPMorgan Chase logo is displayed at their headquarters in New York. Banking giant JPMorgan Chase said that its fourth-quarter profits jumped 21% from a year earlier, as the bank's trading desks had a blowout quarter. A sharp increase in JPMorgan's trading business made up for declining interest rates, which impacted other parts of the bank. (AP Photo/Seth Wenig, File)
January 14, 2020 - 10:50 am
NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of money on their credit cards, buoyed by a strong job market and steady economic growth. On Tuesday, JPMorgan Chase reported...
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FILE - In this Oct. 19, 2019, file photo, members of the International Monetary and Financial Committee (IMFC) meet at the World Bank/IMF Annual Meetings in Washington. The World Bank said in an updated economic outlook released Wednesday, Jan. 8, 2020, that the global economy should see a modest rebound in growth this year. But the 189-nation lending institution is cautioning that a number risks could upend its forecast, including the possibility of renewed trade hostilities between the world's two biggest economies, the United States and China. (AP Photo/Jose Luis Magana, File)
January 08, 2020 - 2:29 pm
WASHINGTON (AP) — The World Bank says the global economy should see a modest rebound in growth this year. But the 189-nation lending institution is cautioning that a number risks could upend its forecast, including the possibility of renewed trade hostilities between the world's two biggest...
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FILE - In this Dec. 11, 2019, file photo Federal Reserve Chair Jerome Powell arrives to speak at a news conference after the Federal Open Market Committee meeting in Washington. On Thursday, Jan. 2, 2020, the Federal Reserve releases minutes from its December meeting when it kept its key interest rate unchanged. (AP Photo/Jacquelyn Martin, File)
January 03, 2020 - 11:28 am
WASHINGTON (AP) — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year. Minutes of the December meeting,...
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FILE - In this Nov. 29, 2019, file photo shoppers carry bags as they cross a street in San Francisco. Black Friday kicks off the start of the holiday shopping season. On Friday, Dec. 20, the Commerce Department issues its November report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/Jeff Chiu, File)
December 20, 2019 - 2:21 pm
WASHINGTON (AP) — Americans increased their spending in November at the fastest pace in four months, and income growth rebounded to its strongest gain since August. The Commerce Department said Friday that consumer spending rose at a 0.4% annual rate last month, led by a jump in spending on durable...
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FILE - In this Dec. 5, 2019, file photo, trader Gregory Rowe, left, and specialist Michael Pistillo work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Dec. 12. (AP Photo/Richard Drew, File)
December 12, 2019 - 3:15 pm
The S&P 500 and Nasdaq closed at all-time highs Thursday on renewed optimism that the U.S. and China are close to reaching a deal in their costly trade war. Financial, technology and health care stocks powered much of the rally, which gave the S&P 500 its second straight gain and erased its...
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