Latest Economic growth News

Bankers survey: Rural economy stays strong in 10 states

Jan. 20, 2022 14:13 PM EST

OMAHA, Neb. (AP) — The economy in rural parts of 10 Plains and Western states remains strong, according to a new monthly survey of bankers in the region released Thursday, but those bankers said they have growing concerns about the rising costs associated with running farms. The...

Asian stocks rise after China rate cuts, Japan export gain

Jan. 19, 2022 22:20 PM EST

BEIJING (AP) — Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. On Wall Street, the benchmark S&P...

Text of SC Gov. Henry McMaster's State of the State speech

Jan. 19, 2022 19:08 PM EST

COLUMBIA, S.C. (AP) — South Carolina Gov. Henry McMaster's State of the State remarks as prepared for delivery on Wednesday: Mr. Speaker, Mr. President, ladies and gentlemen of the General Assembly, my fellow South Carolinians: We are here tonight to address...

Eurogroup seeks path between high inflation, slower growth

Jan. 17, 2022 15:01 PM EST

BRUSSELS (AP) — Euro finance chiefs on Monday ventured into a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation. Finance ministers from the 19 nations that share the euro currency pledged continued budgetary...

China's economy grows 8.1% in 2021, slows in second half

Jan. 17, 2022 05:53 AM EST

BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing. The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second...

China's economy grew by 8.1% in 2021 after activity slowed as Beijing moved to cut corporate debt

Jan. 16, 2022 21:02 PM EST
BEIJING (AP) — China's economy grew by 8.1% in 2021 after activity slowed as Beijing moved to cut corporate debt.

Fitch upgrades Greece's credit outlook to positive

Jan. 14, 2022 19:57 PM EST

ATHENS, Greece (AP) — Credit ratings company Fitch has revised Greece’s outlook to positive from stable, although it kept the country’s rating at BB, two notches below investment grade. In a report issued Friday, Fitch estimates that the Greek economy grew 8.3% in 2021, much...

Crowds protest sanctions, pressure, after Mali vote delay

Jan. 14, 2022 16:27 PM EST

BAMAKO, Mali (AP) — Thousands have joined in a government-sponsored rally in Mali’s capital to protest new regional economic sanctions and growing pressure from former colonizer France, after Mali's military ruler pushed back promised elections by four years. Friday's...

Omicron leaves Germany on brink of recession as growth dips

Jan. 14, 2022 07:40 AM EST

FRANKFURT, Germany (AP) — The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COVID-19's omicron variant deterring people from shopping and travel and supply bottlenecks...

UN forecasts lower global economic growth for 2022 and 2023

Jan. 13, 2022 19:10 PM EST

UNITED NATIONS (AP) — The United Nations forecast lower global economic growth for 2022 and 2023 on Thursday, saying the world is facing new waves of coronavirus infections, persistent labor market challenges, lingering supply chain issues and rising inflationary pressures. The...