Latest Economic growth News

Stocks end lower; S&P 500 notches 2nd straight weekly gain

Oct. 18, 2019 5:19 PM EDT

The S&P 500 index closed out an uneven week of trading on Wall Street with its second straight weekly gain, even though stock indexes ended lower Friday. Technology companies led the slide, which erased the major U.S. indexes' gains from the day before. Communication services, industrials and health care...

China's economic slowdown deepens, weighing on global growth

Oct. 18, 2019 11:05 AM EDT

BEIJING (AP) — China's economic growth sank to a new multi-decade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy. Growth in the world's second-largest economy slipped to 6% in the three months ending in September, down from the previous...

Stocks slip as first big week of earnings heads to a finish

Oct. 18, 2019 10:38 AM EDT

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street Friday, weighed down by losses in technology companies. The market is still on track for its second weekly gain after three straight losing weeks. Investors are also absorbing the latest economic data showing that growth in China sank to a...

Global markets brush off disconcerting data out of China

Oct. 18, 2019 8:09 AM EDT

BANGKOK (AP) — Global markets largely brushed off more disconcerting economic signals from China, which on Friday reported that its economy grew at its slowest pace in 26 years last quarter. The 6% growth pace China reported for July-September was worse than most economists were expecting, highlighting a...

Asian shares fall back after China reports economy weakened

Oct. 18, 2019 12:00 AM EDT

BANGKOK (AP) — Share prices retreated in Asia after China reported Friday that its economy grew at an annual rate of 6.0% in the latest quarter. The Shanghai Composite index gave up early gains, losing 0.6% to 2,960.55 while Hong Kong's Hang Seng shed 0.2% to 26,800.24. Australia's S&P ASX 200 declined...

China's quarterly economic growth weakens to 6.0%, its lowest in at least 26 years, during a tariff war with Washington

Oct. 17, 2019 10:02 PM EDT
BEIJING (AP) — China's quarterly economic growth weakens to 6.0%, its lowest in at least 26 years, during a tariff war with Washington.

IMF head says more needed to boost growth than US-China deal

Oct. 17, 2019 6:56 PM EDT

WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that...

US-China trade war weighing on world's growth, IMF says

Oct. 17, 2019 4:03 PM EDT

The global economy is slowing, largely because of the U.S. trade war with China, according to the 189-member International Monetary Fund. The Washington-based institution is the world's lender of last resort, providing emergency loans when countries face financial crisis. In its latest forecast the IMF blamed...

US Interior Department activities generated $8B for Colorado

Oct. 16, 2019 4:17 PM EDT

GRAND JUNCTION, Colo. (AP) — Activities managed by the U.S. Department of Interior have resulted in about $8 billion contributed to Colorado's gross domestic product primarily from energy and mineral development. The Grand Junction Daily Sentinel reports that the Interior Department released a report...

US retail sales dip 0.3% in September

Oct. 16, 2019 10:15 AM EDT

WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported...