Latest Gross domestic product News
Fitch Ratings: Lebanon finances point to debt restructuring
BEIRUT (AP) — Lebanon's financial situation points to a likely restructuring of the country's massive debt and financial sector to preserve declining foreign currency reserves, Fitch Ratings said Tuesday. The credit rating agency's report comes as Lebanese officials are debating whether to pay back $1.2...
EU signals willingness to ease Greek budget targets
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 as soon...
US productivity up 1.7% in 2019, best gain in 9 years
WASHINGTON (AP) — U.S. productivity rebounded in the final three months of last year, helping to boost productivity growth for the year to the best showing in nearly a decade. The Labor Department’s Bureau of Labor Statistics said Thursday that productivity grew at an annual rate of 1.4% in the...
Editorial Roundup: Mississippi
Recent editorials from Mississippi newspapers: ___ Feb. 5 The Greenwood Commonwealth on Gov. Tate Reeves' inaugural address: Newly elected Mississippi Gov. Tate Reeves made his first inaugural address last week promising to focus on deregulation and free markets to spur growth. He acknowledged the state’s...
US economy grew modestly last quarter against a hazy outlook
WASHINGTON (AP) — The U.S. economy expanded at a moderate 2.1% annual rate in the final three months of 2019, capping a year when a weak global landscape and a sharp pullback in business investment resulting from President Donald Trump's trade fights combined to slow growth. The fourth-quarter rise in the...
Clashes in crisis-hit Lebanon as lawmakers pass budget
BEIRUT (AP) — Lebanese lawmakers on Monday passed a controversial state budget for 2020 that aims to tackle the country's crippling financial crisis, as angry protesters threw stones at security forces massed outside the Parliament. Security forces were heavily deployed during the legislative meeting and...
UN: Global economic growth in 2019 was lowest of the decade
UNITED NATIONS (AP) — The global economy recorded its lowest growth of the decade in 2019, falling to 2.3% as a result of protracted trade disputes and a slowdown in domestic investment, the United Nations said Thursday. The U.N.'s annual report, the World Economic Situation and Prospects 2020, forecast a...
US economic growth and consumer spending show resilience
WASHINGTON (AP) — The U.S. economy, which only recently was flashing warning signs of a worrisome slowdown, is finishing the year in stronger shape, thanks to a resilient consumer, a healthy job market and interest rate cuts by the Federal Reserve. The Commerce Department said Friday that the gross...
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