Latest Economic outlook News

Trump team predicts an economic boom, defying most analysts

Aug. 17, 2018 12:06 AM EDT

WASHINGTON (AP) — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President Donald Trump's...

Where White House touts a boom, most economists see a blip

Aug. 16, 2018 9:24 PM EDT

WASHINGTON (AP) — Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President Donald Trump's...

Global markets stabilize as Turkey jitters ease

Aug. 14, 2018 8:17 AM EDT

BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries. KEEPING SCORE: Germany's DAX rose 0.2 percent to 12,376 and France's CAC 40 was up less than 0.1 percent to 5,414 after economic growth figures for the...

Death toll from quake that hit Indonesian island passes 430

Aug. 13, 2018 3:07 AM EDT

JAKARTA, Indonesia (AP) — The death toll from the earthquake that rocked the Indonesian island of Lombok a week ago has passed 430 and the government is estimating economic losses will exceed several hundred million dollars. The national disaster agency said Monday the Aug. 5 quake killed 436 people, most...

AP FACT CHECK: Trump's economic fiction: 'record' GDP, jobs

Aug. 13, 2018 12:14 AM EDT

WASHINGTON (AP) — President Donald Trump is distorting the truth on U.S. economic growth and jobs, pointing to record-breaking figures that don't exist and not telling the full story on black unemployment. He cites the highest-ever gross domestic product for the U.S. that's not there and predicts a...

AP FACT CHECK: Trump's economic mirage; Sanders on Medicare

Aug. 11, 2018 8:12 AM EDT

WASHINGTON (AP) — President Donald Trump is pulling numbers out of thin air when it comes to the economy, jobs and the deficit. He refers to a current record-breaking gross domestic product for the U.S. where none exists and predicts a blockbuster 5 percent annual growth rate in the current quarter that...

Strong US growth likely drove healthy job gain in July

Aug. 3, 2018 6:50 AM EDT

WASHINGTON (AP) — With a robust economy at their backs, optimistic employers likely added jobs at a solid pace in July. Economists forecast that employers added 191,000 jobs last month, down from 213,000 in June but easily enough to lower the unemployment rate over time. The jobless rate is projected to...

Strong US growth likely drove healthy job gain in July

Aug. 3, 2018 12:02 AM EDT

WASHINGTON (AP) — With a robust economy at their backs, optimistic employers likely added jobs at a solid pace in July. Economists forecast that employers added 191,000 jobs last month, down from 213,000 in June but easily enough to lower the unemployment rate over time. The jobless rate is projected to...

UK rates raised to highest since 2009 despite Brexit worries

Aug. 2, 2018 11:06 AM EDT

LONDON (AP) — The Bank of England raised its main interest rate Thursday for only the second time since the 2008 financial crisis as it weighed conflicting signs about the economy and growing concerns about Brexit. The bank's nine-member Monetary Policy Committee voted unanimously to raise the rate from...

US consumer confidence edges up in July

Jul. 31, 2018 11:05 AM EDT

WASHINGTON (AP) — Americans were a bit more confident about the economy in July, but their expectations for the near future dimmed slightly. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 127.4 this month from 127.1 in June. The index measures both...