Latest Economic outlook News

Diners eat lunch before the closure of restaurants and bars, in Marseille, southern France, Sunday Sept. 27, 2020. As restaurants and bars in Marseille prepared Sunday to shut down for a week as part of scattered new French virus restrictions, Health Minister Olivier Veran insisted that the country plans no fresh lockdowns. (AP Photo/Daniel Cole)

France to release $49 billion in economic stimulus next year

Sep. 28, 2020 10:03 AM EDT

PARIS (AP) — France's government presented its 2021 budget on Monday, a plan that aims to rescue the country's beleaguered economy from the impact of the coronavirus pandemic by injecting a 42 billion-euro ($49 billion) stimulus next year. Finance Minister Bruno Le Maire said “we are convinced that...

A woman looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 25, 2020. Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy.(AP Photo/Hiro Komae)

Asian shares gain, cheered by US rally on hopes for stimulus

Sep. 24, 2020 11:53 PM EDT

TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy. Despite signs of a global economic rebound in the third quarter, worries remain the upturn may be running out of steam. House Democrats said they are paring back...

Burl Cain, the former warden at Angola prison in Louisiana, responds to a lawmaker's question during his confirmation hearing before the Senate Corrections Committee at the Capitol in Jackson, Miss., Tuesday, June 16, 2020. The committee unanimously endorsed Cain, who faced ethics questions in Louisiana, to be the new commissioner of Mississippi's troubled prison system. (AP Photo/Rogelio V. Solis)

Mississippi using inmate labor to make repairs at prison

Sep. 24, 2020 6:49 PM EDT

JACKSON, Miss. (AP) — The head of Mississippi's troubled prison system told lawmakers Thursday that the Department of Corrections intends to move some inmates out of a private prison and into a state-owned facility by mid-December. Corrections Commissioner Burl Cain said the department is spending about...

Vermont governor, main challenger outline visions in debate

Sep. 24, 2020 3:27 PM EDT

Republican Gov. Phil Scott said Thursday he would not seek to raise taxes or fees to help the Vermont state government cope with an expected economic shortfall in next year’s state budget caused by the coronavirus pandemic. In a radio debate with his Democratic challenger in the November election, Lt. Gov....

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 24, 2020. Asian shares were mostly lower Thursday as caution again after a retreat on Wall Street driven by a decline in technology shares.(AP Photo/Ahn Young-joon)

Asian shares fall as caution sets in after Wall St retreat

Sep. 23, 2020 11:05 PM EDT

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Market players are feeling less optimistic about action from the U.S. Federal Reserve and Congress to help the U.S. economy amid the distractions of the presidential election and the...

Latest Oregon revenue forecast increases by $2 billion

Sep. 23, 2020 6:26 PM EDT

SALEM, Ore. (AP) — Oregon economists presented a “shocking” and significantly improved revenue forecast Wednesday, which could leave the state's current budget nearly unscathed by the economic impacts of COVID-19. Despite the forecast, which is $2 billion more than predicted in May,...

Projected state revenues improve in Washington state

Sep. 23, 2020 5:17 PM EDT

OLYMPIA, Wash. (AP) — Lawmakers in Washington state received some good financial news Wednesday, with updated numbers showing an increase in state revenues over the past few months, cutting an earlier projection of revenues losses by more than half. But officials warned there's still a good deal of...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 23, 2020. Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.
(AP Photo/Ahn Young-joon)

Asian shares take breather after Wall Street gains

Sep. 23, 2020 12:04 AM EDT

Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped Wednesday in Japan, Hong Kong and Seoul but rose in Sydney after the government reported retail sales fared better than expected. Overnight, the S&P 500...

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing about the government’s emergency aid to the economy in response to the coronavirus on Capitol Hill in Washington on Tuesday, Sept. 22, 2020. (Caroline Brehman/Pool via AP)

Powell and Mnuchin voice optimism but back more economic aid

Sep. 22, 2020 1:13 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed. Powell told the House...

A new AP-NORC poll finds the share of Americans who expect the economy to worsen in the next year has fallen from a high in May of 4 in 10. About 3 in 10 now say they expect the economy to get worse in the next year.

AP-NORC poll: Views of economy stabilize as election nears

Sep. 22, 2020 10:23 AM EDT

WASHINGTON (AP) — Most Americans view the nation’s economic situation as bleak, but a rising percentage also see signs of stability six weeks before Election Day — if not reasons for optimism. According to a new poll from The Associated Press-NORC Center for Public Affairs Research, 60% of...