Latest Economic growth News

China's economy grows 8.1% in 2021, slows in second half

Jan. 16, 2022 23:05 PM EST

BEIJING (AP) — China’s economy expanded by 8.1% in 2021 but Beijing faces pressure to shore up activity after an abrupt slump in the second half as the ruling Communist Party forced its vast real estate industry to cut surging debt. Growth in the world’s second-largest economy...

China's economy grew by 8.1% in 2021 after activity slowed as Beijing moved to cut corporate debt

Jan. 16, 2022 21:02 PM EST
BEIJING (AP) — China's economy grew by 8.1% in 2021 after activity slowed as Beijing moved to cut corporate debt.

Fitch upgrades Greece's credit outlook to positive

Jan. 14, 2022 19:57 PM EST

ATHENS, Greece (AP) — Credit ratings company Fitch has revised Greece’s outlook to positive from stable, although it kept the country’s rating at BB, two notches below investment grade. In a report issued Friday, Fitch estimates that the Greek economy grew 8.3% in 2021, much...

Crowds protest sanctions, pressure, after Mali vote delay

Jan. 14, 2022 16:27 PM EST

BAMAKO, Mali (AP) — Thousands have joined in a government-sponsored rally in Mali’s capital to protest new regional economic sanctions and growing pressure from former colonizer France, after Mali's military ruler pushed back promised elections by four years. Friday's...

Omicron leaves Germany on brink of recession as growth dips

Jan. 14, 2022 07:40 AM EST

FRANKFURT, Germany (AP) — The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COVID-19's omicron variant deterring people from shopping and travel and supply bottlenecks...

UN forecasts lower global economic growth for 2022 and 2023

Jan. 13, 2022 19:10 PM EST

UNITED NATIONS (AP) — The United Nations forecast lower global economic growth for 2022 and 2023 on Thursday, saying the world is facing new waves of coronavirus infections, persistent labor market challenges, lingering supply chain issues and rising inflationary pressures. The...

UN: Yemen's escalating war spurs hunger and collapse

Jan. 12, 2022 17:08 PM EST

UNITED NATIONS (AP) — Escalating military action in Yemen displaced more than 15,000 people over the past month, killed or injured more than 350 civilians in December and left the Arab world’s poorest nation facing growing hunger and economic collapse with no political solution in sight, senior...

Fed survey finds economy growing modestly despite COVID

Jan. 12, 2022 16:59 PM EST

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shortages. In its latest survey of business conditions around the country, the Fed said...

US posted smallest monthly deficit in 2 years in December

Jan. 12, 2022 15:58 PM EST

WASHINGTON (AP) — The federal government last month posted its smallest monthly budget deficit in two years thanks to a rebounding economy that helped boost tax receipts, coupled with slower spending as some COVID relief programs ended. The Treasury Department reported Wednesday...

Japan minister aims to control COVID while achieving growth

Jan. 12, 2022 01:56 AM EST

TOKYO (AP) — The Japanese minister responsible for containing COVID-19 while steering the world’s third largest economy toward growth says he is confident he can carry out that precarious “balancing act.” “We know infectious diseases aren’t going away ever,” Daishiro...