Latest Economic growth News

Germany barely avoids recession with zero growth

Feb. 14, 2019 10:30 AM EST

FRANKFURT, Germany (AP) — Germany recorded zero growth in the fourth quarter, only narrowly avoiding a recession and adding to downbeat signs piling up about the 19-country eurozone economy. The lackluster figure released Thursday was lower than the 0.1 percent expected by market analysts and followed a...

Correction: Cyprus-Golden Passports story

Feb. 14, 2019 2:25 AM EST

NICOSIA, Cyprus (AP) — In a story Feb. 13 about Cyprus' toughening eligibility rules for its lucrative scheme to grant passports to wealthy investors, The Associated Press erroneously reported Harris Georgiades' title. He is finance minister, not foreign minister. A corrected version of the story is below:...

Japan's economy rebounds in 4Q, growth for 2018 at 0.7 pct

Feb. 14, 2019 1:06 AM EST

TOKYO (AP) — Japan's economy picked up some momentum in the last quarter of 2018 but still slowed from the growth seen in the previous year. The 1.4 percent rebound in annualized growth for October-December contrasted with a revised 2.6 percent contraction in the previous quarter, according to data...

Fed Chairman Powell says prosperity not felt in all areas

Feb. 12, 2019 4:42 PM EST

ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell traveled Tuesday to a historically black university in the Mississippi Delta to deliver a message that the nation's prosperity has not been felt in many such areas around the country. Powell said that many rural areas had been left out and...

Global stocks rise as US averts government shutdown

Feb. 12, 2019 7:32 AM EST

BEIJING (AP) — Global stocks rose Tuesday after U.S. lawmakers reached a deal to avoid another government shutdown and ahead of U.S.-China trade talks later in the week. In Europe, London's FTSE 100 rose 0.3 percent to 7,148 and Germany's DAX gained 1.2 percent to 11,144, while France's CAC 40 advanced 1.1...

Asian stocks rise after listless Wall Street day

Feb. 11, 2019 11:04 PM EST

BEIJING (AP) — Asian stocks rose Tuesday following a listless day on Wall Street as investors looked ahead to U.S.-Chinese trade talks. KEEPING SCORE: Tokyo's Nikkei 225 rose 2 percent to 20,745.28 and the Shanghai Composite Exchange added 0.3 percent to 2,661.89. Hong Kong's Hang Seng was 1.5 points...

Markets Right Now: Stocks hold steady ahead of trade talks

Feb. 11, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are mixed at the close of trading as Wall Street looks ahead to key trade talks between the U.S. and China this week. The Dow Jones Industrial Average fell 53 points, or 0.2 percent, to 25,053, mostly due to...

Brexit unease sees UK economy takes a turn for the worse

Feb. 11, 2019 11:20 AM EST

LONDON (AP) — The British economy has not had a worse year since the global financial crisis and Brexit uncertainty is clearly to blame. The government even admits it. Official figures released Monday showed that a lack of clarity over Brexit weighed on businesses throughout 2018 and kept a lid on their...

UK's May seeks compromise with Labour in EU divorce deal

Feb. 11, 2019 10:10 AM EST

LONDON (AP) — British Prime Minister Theresa May sought a compromise Monday with opposition leader Jeremy Corbyn in hopes of securing his backing for a divorce deal with the European Union. The political maneuvering comes amid strong signs that uncertainty over Brexit is already clamping down on Britain's...

AP FACT CHECK: Trump taps false stereotypes about immigrants

Feb. 8, 2019 5:55 PM EST

WASHINGTON (AP) — President Donald Trump has long railed against immigration as a scourge on the economy and national security. He's committed his administration to starting construction on a wall along the Mexican border to stop illegal immigration and asylum seekers, yet he reversed his past policy...