Latest Gross domestic product News

Report suggests Germany may miss defense spending target

Feb. 5, 2019 10:35 AM EST

BERLIN (AP) — Germany's tightening public finances are raising questions over whether the country will miss its military spending target at a time when the U.S. is increasing pressure on its European allies to increase defense budgets. A Finance Ministry document circulated to other ministries for...

Shutdown projected to cause $3B permanent hit to economy

Jan. 28, 2019 11:52 AM EST

WASHINGTON (AP) — The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office. The report says the five-week shutdown has slowed growth in the near term but that most of the lost growth...

Strength in US growth at end of year likely to fade in 2019

Dec. 21, 2018 5:29 PM EST

WASHINGTON (AP) — The U.S. economy has turned in a stellar performance this year. But mounting problems, from trade tensions to jittery financial markets and political gridlock in Washington, are expected to sharply slow growth in 2019. The Commerce Department estimated Friday that the economy, as measured...

EU reaches deal with Italy on budget

Dec. 19, 2018 11:31 AM EST

BRUSSELS (AP) — The European Commission said Wednesday it has reached an agreement with Italy on its budget plans, which the EU's executive arm had warned could break the euro's rules and lead to legal action. European Commission Vice President Valdis Dombrovskis said the "agreement is not ideal" but...