Latest Economic growth News

EU economy to expand, bouncing back from pandemic crisis

May. 12, 2021 07:16 AM EDT

BRUSSELS (AP) — The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to regain the ground lost by the end of next year. In its latest forecast Wednesday, the EU’s executive commission...

UN raises global economic forecast to 5.4% growth in 2021

May. 12, 2021 01:48 AM EDT

UNITED NATIONS (AP) — The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a...

China adds few babies, loses workers as its 1.4B people age

May. 11, 2021 05:31 AM EDT

BEIJING (AP) — The number of working-age people in China fell over the past decade as its aging population barely grew, a census showed Tuesday, complicating Chinese leaders' efforts to create a more prosperous and influential nation. The total population rose to 1.411...

1.4B but no more? China's population growth closer to zero

May. 11, 2021 00:54 AM EDT

BEIJING (AP) — China’s weak population growth is falling closer to zero as fewer couples have children, government data showed Tuesday, adding to strains on an aging society with a shrinking workforce. The population rose by 72 million people over the past 10 years to...

Editorial Roundup: New England

May. 07, 2021 18:06 PM EDT

Boston Globe. May 5, 2021. Editorial: Count counties out of federal aid program The six vestigial county governments in Massachusetts aren’t equipped to spend hundreds of millions of dollars in federal economic relief. As part...

US job growth slows sharply in sign of hiring struggles

May. 07, 2021 17:36 PM EDT

WASHINGTON (AP) — The recovery of America’s job market hit a pause last month as many businesses — from restaurants and hotels to factories and construction companies — struggled to find enough workers to catch up with a rapidly strengthening economic rebound. ...

Bank of England expects best year for UK economy since 1941

May. 06, 2021 10:57 AM EDT

LONDON (AP) — The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid rollout of coronavirus vaccines. In a prepared statement Thursday,...

US unemployment claims fall to a pandemic low of 498,000

May. 06, 2021 10:13 AM EDT

WASHINGTON (AP) — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing strength as businesses reopen and consumers step up spending. Thursday's...

Maine gov lays out goals for recovery plan projects

May. 04, 2021 18:03 PM EDT

AUGUSTA, Maine (AP) — Democratic Gov. Janet Mills wants to use more than $1 billion in federal pandemic aid to help the state’s economy recover from the pandemic and address long-term infrastructure needs. More than $540 million from the American Rescue Plan Act would...

Asian shares mixed after strong earnings, data lift Wall St

May. 03, 2021 23:30 PM EDT

Asian shares were mixed after strong corporate earnings and economic data lifted stocks on Wall Street. Hong Kong and Sydney advanced while Seoul declined. Tokyo and Shanghai were closed for holidays. On Monday, a strong dose of positive earnings...