Latest Economic outlook News

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...

FILE - This Aug. 23, 2019, file photo shows the New York Stock Exchange in New York. Global stock markets are subdued as investors look ahead to the signing of an interim U.S.-China trade deal. Indexes were mixed in Europe while those in Shanghai, Hong Kong and South Korea finished higher. Investor focus has shifted to the trade deal as concern over potential U.S.-Iranian conflict has faded.  (AP Photo/Frank Franklin II, File)

Asian shares rise on optimism about US-China trade deal

Jan. 13, 2020 10:35 PM EST

TOKYO (AP) — 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. Japan's benchmark Nikkei 225 rose 0.7% in morning trading to 24,026.10, while Australia's S&P/ASX 200 added 0.6% to 6,946.80. South...

FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair in Miami. On Friday, Jan. 10, 2020, the U.S. government issues the December jobs report. (AP Photo/Lynne Sladky, File)

US employers expected to have added 160,000 jobs in December

Jan. 10, 2020 2:39 AM EST

WASHINGTON (AP) — The U.S. job market appears to be entering 2020 on a solid footing. Economists expect that Friday's jobs report will show job gains of 160,000 in December, with the unemployment rate holding steady at 3.5%, according to the data provider FactSet. But key in the report will be whether the...

Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)

UK rate cut could come soon, Bank of England chief hints

Jan. 9, 2020 1:03 PM EST

LONDON (AP) — U.K. interest rates could be cut soon to shore up an economy that's barely growing even as some Brexit uncertainty has dissipated, the Bank of England's outgoing chief hinted Thursday. Mark Carney said in a speech that there is a “debate” within the bank's rate-setting Monetary...