Latest Economic outlook News

From travel to IPOs, how shutdown is upsetting US economy

Jan. 16, 2019 1:27 PM EST

WASHINGTON (AP) — Delta Air Lines can't get eight new aircraft in the air. Roughly a million government employees and contractors aren't being paid. Some Americans who are trying to start small businesses face delays in obtaining the required tax identification number from the IRS. As the partial...

Trump feels shutdown pressure from economists, Nancy Pelosi

Jan. 16, 2019 1:04 PM EST

WASHINGTON (AP) — Shutdown pressure on President Donald Trump mounted Wednesday as House Speaker Nancy Pelosi called on him to delay his State of the Union address and his own economists acknowledged the prolonged standoff was having a greater economic drag than previously thought. In a letter to Trump,...

World Economic Forum warns of impact of global tensions

Jan. 16, 2019 11:16 AM EST

LONDON (AP) — International tensions and nationalist politics can further weigh on the global economy this year and hinder efforts to deal with big issues such as climate change, the organizers of next week's Davos forum warned Wednesday. In its annual Global Risks Report, the World Economic Forum said the...

How's the US economy doing? Shutdown makes it harder to say

Jan. 11, 2019 6:04 PM EST

WASHINGTON (AP) — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring. Government data on home construction and retail sales, for example, won't be released next week because...

Eurozone unemployment a bright spot amid growing gloom

Jan. 9, 2019 6:55 AM EST

LONDON (AP) — Unemployment across the 19-country eurozone fell in November to a decade-low rate, official figures showed Wednesday, but worries over the economic outlook have stoked concerns it may not fall much lower, if at all. Eurostat, the European Union's statistics agency, said a 90,000 monthly fall...

Asian shares rally on hopes for China-US trade breakthrough

Jan. 9, 2019 12:06 AM EST

BANGKOK (AP) — Shares extended gains in Asia on hopes for progress in resolving the tariffs battle between the U.S. and China as talks appeared to have been extended in Beijing. KEEPING SCORE: Japan's Nikkei 225 index gained 1.3 percent to 20,472.79 and Hong Kong's Hang Seng jumped 2.5 percent to...

World Bank cuts forecast for world economic growth in 2019

Jan. 8, 2019 4:39 PM EST

WASHINGTON (AP) — The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled "Darkening Skies," the anti-poverty agency said Tuesday that it expects...

Jittery Wall Street has a lot ahead to be nervous about

Jan. 7, 2019 2:06 AM EST

NEW YORK (AP) — Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam. Investors have been careening from fear to relief and back again as they react to morsels of news about the health of the economy and corporate profits, the global trade war and when the...

Economists: Buyers face tougher housing market in 2019

Jan. 4, 2019 11:06 AM EST

Americans' path to homeownership is likely to get more expensive this year, even as a severe shortage of homes for sale shows signs of easing. Mortgage rates, which climbed through much of last year, will continue to rise in 2019, driving up homebuyers' borrowing costs and shutting others out of the market...

A strong jobs report could provide reassurance on economy

Jan. 4, 2019 7:27 AM EST

WASHINGTON (AP) — Even with fear of a global economic slump depressing stock markets, Friday's jobs report for December is expected to offer reassurance that the U.S. economy remains sturdy and on track to expand for a 10th straight year. Economists have forecast that the Labor Department will report that...