Latest Economic outlook News

Oklahoma unemployment rate steady; slowdown projected

Jan. 24, 2020 2:50 PM EST

OKLAHOMA CITY (AP) — Oklahoma's unemployment rate held steady last month at 3.4% and the state's economic slowdown is projected to continue in 2020, state officials reported Friday. Oklahoma's 3.4% seasonally adjusted unemployment rate remains just below the national average of 3.5%, the Oklahoma...

FILE - In this Jan. 16, 2020, file photo, an investor monitors stock prices at a brokerage in Beijing. Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies. (AP Photo/Ng Han Guan, File)

Easing trade tensions bode well for emerging market stocks

Jan. 23, 2020 3:02 PM EST

LOS ANGELES (AP) — Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies....

Indian workers repair an advertising hoarding in Hyderabad, India, Tuesday, Jan. 21, 2020. The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8% and listed the country’s Gross Domestic Product (GDP) numbers as the single biggest drag on its global growth forecast for two years. (AP Photo/Mahesh Kumar A.)

IMF downgrade of growth outlook ups pressure on India's Modi

Jan. 21, 2020 5:29 AM EST

NEW DELHI (AP) — A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Minister Narendra Modi over his policies. Opposition leaders and economists on Tuesday blasted the government for failing to deliver on promises to...

Klaus Schwab, founder of the World Economic Forum, delivers a welcome message on the eve of the annual meeting of the World Forum in Davos, Switzerland, Monday, Jan. 20, 2020. The 50th annual meeting of the forum will take place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

Climate not considered a top 10 risk by CEOs - survey

Jan. 20, 2020 12:34 PM EST

DAVOS, Switzerland (AP) — Climate issues are set to be one of the main talking points at the World Economic Forum in the Swiss ski resort of Davos this week, but a survey of CEOs released Monday shows that they are not even ranked among the top ten threats to business growth. In its annual report ahead of...

An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. China's economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. (Chinatopix via AP)

IMF: Low rates and reduced trade tension to aid world growth

Jan. 20, 2020 8:25 AM EST

WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in 2020 and...

In this Jan. 3, 2020, photo, workers make sneakers in a factory in Jinjiang city in southeastern China's Fujian province. China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday, Jan. 17, showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the previous quarter’s level of 6%. (Chinatopix Via AP)

China's 2019 economic growth weakens amid trade war

Jan. 17, 2020 12:10 PM EST

BEIJING (AP) — China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. The world’s second-largest economy grew by 6.1%, down from...

UN: Global economic growth in 2019 was lowest of the decade

Jan. 16, 2020 7:37 PM EST

UNITED NATIONS (AP) — The global economy recorded its lowest growth of the decade in 2019, falling to 2.3% as a result of protracted trade disputes and a slowdown in domestic investment, the United Nations said Thursday. The U.N.'s annual report, the World Economic Situation and Prospects 2020, forecast a...

FILE - In this Nov. 27, 2019, file photo Robin Hazal shops at a Kohl's ahead of Black Friday in Las Vegas. The nation's largest retail trade group said Thursday, Jan. 16, 2020, that holiday sales increased 4.1%, near the top end of its forecast. (AP Photo/John Locher)

Nation's largest retail trade group: holiday sales rose 4.1%

Jan. 16, 2020 12:32 PM EST

NEW YORK (AP) — The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail Federation had expected growth in a range of 3.8% to 4.2% for the November and December period. The growth is nearly double the 2.1% growth seen during the holiday...

A cargo ship passes the buildings of the banking district on the river Main in Frankfurt, Germany, Monday, Dec. 30, 2019. (AP Photo/Michael Probst)

German economic growth slows to 0.6% in 2019, worst in years

Jan. 15, 2020 6:13 AM EST

BERLIN (AP) — The German economy expanded by 0.6% last year, its worst performance since 2013, as export growth slowed and manufacturing was weak. It was the 10th consecutive year of growth, the longest period since Germany was reunited in 1990, the Federal Statistical Office said Wednesday. But growth was...

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Jan. 14, 2020. Asian shares followed Wall Street higher on Tuesday amid optimism that a trade deal between the U.S. and China will be a boon for the regional economy.(AP Photo/Eugene Hoshiko)

Global shares slip ahead of US-China 'Phase 1' trade deal

Jan. 14, 2020 7:11 AM EST

TOKYO (AP) — Global stocks mostly edged lower on Tuesday as investors looked to the signing of a trade deal between the U.S. and China as well as upcoming corporate earnings reports. France's CAC 40 was down 0.3% at 6,015, while Germany's DAX shed 0.2% to 13,429. while. Britain's FTSE 100 dropped 0.2% as...