Latest Economic growth News

China's growth surges to 18.3% but rebound leveling off

Apr. 16, 2021 00:23 AM EDT

BEIJING (AP) — China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. The economy grew by 18.3% over a year ago, official data...

China's economic growth surged to 18.3% over a year ago in first quarter as factory, consumer activity revived

Apr. 15, 2021 22:12 PM EDT
BEIJING (AP) — China's economic growth surged to 18.3% over a year ago in first quarter as factory, consumer activity revived.

Bankers report strong growth in rural parts of 10 states

Apr. 15, 2021 14:54 PM EDT

OMAHA, Neb. (AP) — Strong economic growth continues in rural parts of 10 Western and Plains states even though business continues to lag behind the level it was at before the coronavirus pandemic began, according to a new monthly survey of bankers. The overall index for...

UK economy grows 0.4% amid confidence from vaccine rollout

Apr. 13, 2021 04:34 AM EDT

LONDON (AP) — The U.K. economy grew 0.4% in February, rebounding from a sharp drop the previous month, as the rapid rollout of COVID-19 vaccines boosted confidence in a recovery from the pandemic. The Office for National Statistics said Tuesday that the expansion was...

IMF: Vaccine inequity threatens Mideast's economic recovery

Apr. 11, 2021 07:06 AM EDT

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday that an uneven...

Beshear signs bill aimed at rejuvenating western Louisville

Apr. 09, 2021 19:29 PM EDT

LOUISVILLE, Ky. (AP) — Gov. Andy Beshear signed legislation Friday creating a financing plan to stimulate economic growth in western Louisville, calling it a good start to overcoming "decades of neglect.” Rural and urban lawmakers banded together to pass the measure...

Tech company gains help push S&P 500 to record high

Apr. 09, 2021 17:07 PM EDT

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500 and Dow Jones Industrial Average to all-time highs. The S&P 500 rose 0.8% for its fourth record high this week and third...

Biden open to compromise on infrastructure, but not inaction

Apr. 07, 2021 21:52 PM EDT

President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable. The president turned fiery in an afternoon speech, saying that the United States is failing...

Asian stocks mixed after lackluster day on Wall Street

Apr. 06, 2021 23:52 PM EDT

TOKYO (AP) — Asian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower. Japan's benchmark Nikkei fell 0.5% to 29,544.93 and the Shanghai Composite index sank 0.7% to 3,459.25. Australia's S&P/ASX 200 gained 0.3% to...

IMF upgrades forecast for 2021 global growth to a record 6%

Apr. 06, 2021 09:13 AM EDT

WASHINGTON (AP) — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast. The...