Latest Economic outlook News

German economy rebounds in 2nd quarter but short of forecast

Jul. 30, 2021 04:51 AM EDT

BERLIN (AP) — Germany's economy grew by 1.5% in the second quarter compared with the previous three-month period, picking up after a sharp first-quarter fall but less strongly than expected. The figure released Friday by the Federal Statistical Office fell short of the...

US economy surpasses pre-pandemic size with 6.5% Q2 growth

Jul. 29, 2021 15:28 PM EDT

WASHINGTON (AP) — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level....

Transportation funding report could launch years of debate

Jul. 27, 2021 17:29 PM EDT

HARRISBURG, Pa. (AP) — A transportation funding commission is preparing to recommend how to raise billions more dollars in Pennsylvania for a 21st-century highway system, a report that will land at a politically touchy time and is expected to kick off a debate that could last years. ...

IMF forecasts stronger rebound for Latin American economies

Jul. 27, 2021 14:21 PM EDT

RIO DE JANEIRO (AP) — The International Monetary Fund on Tuesday boosted its forecast for gross domestic product in Latin America and the Caribbean, fueled by stronger outlooks for its two largest economies. The IMF expects the region will grow 5.8% this year, up 1.2...

IMF forecasts 6% global growth this year as economies reopen

Jul. 27, 2021 10:28 AM EDT

WASHINGTON (AP) — The International Monetary Fund is sharply upgrading its economic outlook this year for the world’s wealthy countries, especially the United States, as COVID-19 vaccinations help sustain solid rebounds from the pandemic recession. But the 190-country lending agency has...

German business confidence sinks as virus clouds outlook

Jul. 26, 2021 04:37 AM EDT

BERLIN (AP) — German business confidence has dipped unexpectedly this month as increasing coronavirus infections help cloud businesses' outlook for the coming months, a closely watched survey found Monday. The Ifo institute's business confidence index declined to 100.8...

Beware of budget gimmicks in push for massive spending deals

Jul. 24, 2021 08:42 AM EDT

WASHINGTON (AP) — Senators fashioning a pair of colossal bills that would deliver more than $4 trillion for infrastructure, health care, environment and other initiatives insist they will fully pay for both plans. Will they? In a Washington ritual...

Bad Breadth: Whiff of danger as market gains lack scope

Jul. 22, 2021 10:46 AM EDT

NEW YORK (AP) — Even before Monday’s swoon — the worst day for stocks on Wall Street in a couple months — the market was flashing concerning signals. Chief among them were sharp moves in the bond market that indicated worsening expectations for economic growth and...

Asian shares fall on virus variant worries, Wall St retreat

Jul. 19, 2021 23:19 PM EDT

TOKYO (AP) — Asian shares fell Tuesday as worries were growing that a faster-spreading variant of the coronavirus could upend the global economic recovery. Japan's benchmark Nikkei 225 slipped 0.6% to 27,489.13 in early trading. South Korea's Kospi shed 0.4% to...

As stock prices peak, markets begin to fear looming threats

Jul. 16, 2021 11:43 AM EDT

NEW YORK (AP) — With the U.S. economy humming, corporate profits flowing and stock prices peaking, investors on Wall Street are beginning to pose an anxious question: Is it all downhill from here? Financial markets are always trying to set prices now for where the...