Latest Economic outlook News

China trade surplus with US widens to record $34.1B

Oct. 12, 2018 4:36 AM EDT

BEIJING (AP) — China's trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 percent over a year earlier despite a worsening tariff war. Exports to the United States rose to $46.7 billion, down from August's 13.4 percent growth,...

As markets swoon, finance chiefs urge US, China to cool it

Oct. 11, 2018 8:02 AM EDT

NUSA DUA, Indonesia (AP) — The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share prices drove home potential perils from a clash between the world's two biggest economies. Global economic...

German government cuts growth forecast amid trade tensions

Oct. 11, 2018 6:50 AM EDT

BERLIN (AP) — The German government has cut its forecast for the country's economic growth this year to 1.8 percent from 2.3 percent, in part because of rising global trade tensions. The government also trimmed its 2019 outlook for Europe's biggest economy on Thursday, saying that it now expects 1.8...

Global shares mixed in muted trading amid growth fears

Oct. 10, 2018 7:03 AM EDT

TOKYO (AP) — Global stocks were mixed in muted trading Wednesday amid ongoing worries about trade tensions and slowing global economic growth. KEEPING SCORE: France's CAC 40 shed 0.5 percent to 5,293, while Germany's DAX fell the same rate 11,933. Britain's FTSE 100 was flat after some upbeat economic...

Asian shares mixed in muted trading amid growth worries

Oct. 9, 2018 11:01 PM EDT

TOKYO (AP) — Asian shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.2 percent to 23,414.43 in early trading, while Australia's S&P/ASX 200 inched up nearly 0.1 percent to...

World stocks slide after IMF trims economic outlook

Oct. 9, 2018 7:41 AM EDT

SINGAPORE (AP) — Global stock markets fell Tuesday after the International Monetary Fund lowered its outlook for the world economy, citing the impact of rising interest rates and trade tensions. KEEPING SCORE: Germany's DAX lost 0.5 percent to 11,891 while the CAC 40 in France shed 0.3 percent 5283....

IMF downgrades outlook for world economy to 3.7 pct. growth

Oct. 9, 2018 2:36 AM EDT

WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. The IMF said Monday that the global economy will grow 3.7 percent this year, the same as in 2017 but down from the 3.9 percent it was forecasting...

Asian stocks mixed after IMF downgrades economic outlook

Oct. 8, 2018 11:49 PM EDT

SINGAPORE (AP) — Asian markets are mixed after the IMF downgraded its economic outlook, citing rising interest rates and mounting tensions over trade. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 1.1 percent to 23,513.20. Hong Kong's Hang Seng added 0.3 percent to 26,289.24. The Shanghai Composite...

As joblessness falls, skilled workers might be hard to find

Oct. 7, 2018 5:37 PM EDT

Are America's employers at risk of running out of skilled people to hire? The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years. Even with the unemployment rate now at 3.7 percent — its lowest point since 1969 — hiring hasn't...

As joblessness falls, skilled workers might be hard to find

Oct. 6, 2018 10:38 AM EDT

Are America's employers at risk of running out of skilled people to hire? The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years. Even with the unemployment rate now at 3.7 percent — its lowest point since 1969 — hiring hasn't...