Latest Economic outlook News

US consumer confidence rebounds in October after 3 declines

Oct. 26, 2021 12:14 PM EDT

SILVER SPRING, Md. (AP) — U.S. consumer confidence rose in October after three straight declines as the public's anxiety about the delta variant of the coronavirus appear to have abated. The Conference Board reported Tuesday that its consumer confidence index rose to a...

Business economists less optimistic about next year's growth

Oct. 25, 2021 00:09 AM EDT

WASHINGTON (AP) — The nation's business economists are slightly less optimistic about growth prospects over the next year, noting a number of threats ranging from higher-than-expected inflation to lingering disruptions from COVID-19 and snarled supply chains. The...

Longtime financial advisers to Louisiana lawmakers retiring

Oct. 23, 2021 17:35 PM EDT

BATON ROUGE, La. (AP) — The Louisiana Legislature is losing decades of institutional knowledge with two of its long-time financial advisers headed to retirement. Legislative Fiscal Officer Chris Keaton, whose office analyzes the costs of bills and performs other...

IMF sees economic growth with higher inflation for Mideast

Oct. 19, 2021 09:52 AM EDT

DUBAI, United Arab Emirates (AP) — The Middle East is expected to see significant economic growth this year, but also soaring inflation and food prices, as coronavirus vaccines are unevenly rolled out across the region, the International Monetary Fund said Tuesday. The...

The economy on the brink, Taliban rely on former technocrats

Oct. 19, 2021 02:38 AM EDT

KABUL, Afghanistan (AP) — When the Taliban swept into power, they found Afghanistan's economy fast approaching the brink and were faced with harrowing predictions of growing poverty and hunger. So they ordered the financial managers of the collapsed former government back to work, with an...

Asian shares slide as Chinese growth data disappoints

Oct. 18, 2021 00:27 AM EDT

Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September. The Shanghai Composite index lost 0.4% to 3,559.96 while the Hang Seng in Hong Kong declined 0.4% to 25,246.38. Chinese...

Economic institutes slash Germany's growth forecast

Oct. 14, 2021 04:56 AM EDT

BERLIN (AP) — Germany's leading economic institutes on Thursday slashed their forecast for Europe's biggest economy, saying output is being held back by global supply bottlenecks and lingering restraints on personal contact amid the pandemic. The experts cut their...

China exports up 28% in September; surplus with US grows

Oct. 13, 2021 04:08 AM EDT

BEIJING (AP) — China's exports rose at a slightly faster pace in September while demand for imports of iron ore and other commodities eased as a property construction boom cooled and authorities enforced curbs on energy use. Customs data showed exports rose 28.1% to...

IMF foresees a slight drop in global growth from pandemic

Oct. 12, 2021 11:17 AM EDT

WASHINGTON (AP) — The International Monetary Fund is slightly downgrading its outlook for the global recovery from the pandemic recession, reflecting the persistence of supply chain disruptions in industrialized countries and deadly disparities in vaccination rates between rich and poor...

Delta variant and worker shortage keep a lid on job growth

Oct. 08, 2021 18:12 PM EDT

WASHINGTON (AP) — U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic has kept its grip on the economy, with many companies struggling to fill millions of open jobs. Friday’s report from the Labor...