Latest Economic growth News

Q&A: Does a manufacturing slump threaten the US economy?

Dec. 7, 2019 10:52 AM EST

WASHINGTON (AP) — Defying fears and predictions, the U.S. economy is still shrugging off President Donald Trump’s trade conflicts. Employers added a sizzling 266,000 jobs in November, and unemployment matched a 50-year low of 3.5% — all while the Trump administration is waging a bruising...

US firms keep hiring, easing worries of weakening economy

Dec. 6, 2019 5:45 PM EST

WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists...

Markets Right Now: Hiring gains send stock indexes higher

Dec. 6, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major stock indexes are ending a choppy week with solid gains after the government reported that hiring in the U.S. jumped last month to the highest level since January. Companies that stand to benefit the most from a...

Former Indian finance minister protests economic policies

Dec. 5, 2019 2:57 AM EST

NEW DELHI (AP) — A former Indian finance minister just released on bail in a bribery case joined a protest Thursday of the government’s economic policies, which are being blamed for India’s slowest economic growth in six years. Former Finance Minister P. Chidambaram said the lower growth rate...

Trump aims for role of NATO statesman but mars unity message

Dec. 4, 2019 8:49 PM EST

WATFORD, England (AP) — Aiming to play the role of global statesman as the impeachment drama was unfolding in Washington, President Donald Trump instead shattered NATO’s professed message of unity at its 70th anniversary celebration in England and put his personal and policy differences with...

The Latest: Greece and Turkey note ‘differences’

Dec. 4, 2019 2:07 PM EST

WATFORD, England (AP) — The Latest on the NATO summit near London (all times local): 7:05 p.m. Greece’s new prime minister, Kyriakos Mitsotakis, says differences between Greece and neighbor Turkey “will continue to exist.” Mitsotakis said he had “open talks” with Turkish...

Trump takes bold stance at NATO as impeachment boils at home

Dec. 3, 2019 5:50 PM EST

LONDON (AP) — Thumping his chest on the world stage as he faces an impeachment inquiry at home, President Donald Trump claimed credit Tuesday for transforming NATO as the military alliance marks its 70th anniversary. But he also clashed with America's NATO allies, especially French President Emmanuel...

China’s climate paradox: A leader in coal and clean energy

Dec. 2, 2019 7:22 PM EST

WASHINGTON (AP) — As world leaders gather in Spain to discuss how to slow the warming of the planet, a spotlight falls on China — the top emitter of greenhouse gases. China burns about half the coal used globally each year. Between 2000 and 2018, its annual carbon emissions nearly tripled, and it...

Protests slam Chile’s economy: GDP down 3.4% in October

Dec. 2, 2019 1:32 PM EST

SANTIAGO, Chile (AP) — The protests that have swept across Chile over the past month have caused a big hit to its economy. The country’s Central Bank says GDP contracted by 3.4% in October and analysts says November’s performance could be worse. Protests sparked by a subway far hike broke out...

Lagarde: Eurozone growth is weak, stimulus working

Dec. 2, 2019 11:59 AM EST

FRANKFURT, Germany (AP) — New European Central Bank President Christine Lagarde said Monday that economic growth “remains weak” in the 19 countries that use the euro but gave no indication she is contemplating adding to the stimulus enacted by her predecessor, Mario Draghi. Lagarde said in...