Latest Gross domestic product News

FILE - In this Tuesday, Feb. 11, 2020 file photo, a firefighter looks before entering a bank that was set on fire by anti-government protesters, as a riot policeman passes by, during a protest in downtown Beirut, Lebanon. Fitch Ratings said Tuesday, Feb. 18, 2020, that Lebanon's financial position points to a likely restructuring of the country's massive debt and financial sector as the Arab nation passes though its worst financial and economic crisis in decades. (AP Photo/Hussein Malla, File)

Fitch Ratings: Lebanon finances point to debt restructuring

Feb. 18, 2020 11:21 AM EST

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...

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)

EU signals willingness to ease Greek budget targets

Feb. 6, 2020 10:40 AM EST

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...

FILE- In this Jan. 4, 2019, file work continues on a plan of new homes in Franklin Park, Pa.  U.S. productivity rebounded in the final three months of 2019, helping to boost productivity growth for the year to the best showing in nearly a decade. The Commerce Department said Thursday, Feb. 6, 2020 that productivity grew at an annual rate of 1.4% in the October-December quarter, a significant improvement from a 0.2% drop in productivity in the third quarter. (AP Photo/Keith Srakocic, File)

US productivity up 1.7% in 2019, best gain in 9 years

Feb. 6, 2020 10:34 AM EST

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

Feb. 5, 2020 2:13 PM EST

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...

FILE - In this Wednesday, Jan. 22, 2020, file photo, shows the waterfront in Portland, Maine. On Thursday, Jan. 30, the Commerce Department issues the first estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Robert F. Bukaty, File)

US economy grew modestly last quarter against a hazy outlook

Jan. 30, 2020 3:15 PM EST

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...

A woman reacts as anti-government protesters clash with police in downtown Beirut, Lebanon, Monday, Jan. 27, 2020. Lebanese security forces scuffled Monday with protesters near the parliament building in downtown Beirut where lawmakers are scheduled to begin a two-day discussion and later approval of the budget amid a crippling financial crisis. (AP Photo/Hassan Ammar)

Clashes in crisis-hit Lebanon as lawmakers pass budget

Jan. 27, 2020 11:39 AM EST

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

Jan. 16, 2020 7:37 PM EST

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...

FILE - In this Oct. 28, 2019, file photo a Matson container ship passes the Golden Gate Bridge in Sausalito, Calif. On Friday, Dec. 20, the Commerce Department issues the third estimate of how the U.S. economy performed in the July-September quarter. (AP Photo/Eric Risberg, File)

US economic growth and consumer spending show resilience

Dec. 20, 2019 3:04 PM EST

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...