Latest Economic outlook News

Economic institutes slash Germany's growth forecast

Oct. 14, 2021 04:56 AM EDT

BERLIN (AP) — Germany's leading economic institutes on Thursday slashed their forecast for Europe's biggest economy, saying output is being held back by global supply bottlenecks and lingering restraints on personal contact amid the pandemic. The experts cut their...

China exports up 28% in September; surplus with US grows

Oct. 13, 2021 04:08 AM EDT

BEIJING (AP) — China's exports rose at a slightly faster pace in September while demand for imports of iron ore and other commodities eased as a property construction boom cooled and authorities enforced curbs on energy use. Customs data showed exports rose 28.1% to...

IMF foresees a slight drop in global growth from pandemic

Oct. 12, 2021 11:17 AM EDT

WASHINGTON (AP) — The International Monetary Fund is slightly downgrading its outlook for the global recovery from the pandemic recession, reflecting the persistence of supply chain disruptions in industrialized countries and deadly disparities in vaccination rates between rich and poor...

Delta variant and worker shortage keep a lid on job growth

Oct. 08, 2021 18:12 PM EDT

WASHINGTON (AP) — U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic has kept its grip on the economy, with many companies struggling to fill millions of open jobs. Friday’s report from the Labor...

Puzzle overhanging job market: When will more people return?

Oct. 07, 2021 13:51 PM EDT

WASHINGTON (AP) — When the U.S. government issues the September jobs report on Friday, the spotlight will fall not only on how many people were hired last month. A second question will command attention, too: Are more people finally starting to look for work? To an...

Poland raises interest rates, seeking to tame inflation

Oct. 06, 2021 11:55 AM EDT

WARSAW, Poland (AP) — Poland's central bank unexpectedly raised interest rates on Wednesday as the central European nation faces an accelerating inflation rate that is currently the highest in the European Union. The annual inflation rate rose to 5.8% in September, the...

Asian shares slip in cautious trading, shrug off US rally

Oct. 05, 2021 23:24 PM EDT

TOKYO (AP) — Asian shares slipped in cautious trading Wednesday, shrugging off a rally on Wall Street led by technology companies and banks that erased most of the losses from the previous day's sell-off. Japan's benchmark Nikkei 225 sank 1% in morning trading to...

IMF says trimming global growth forecast due to rising risks

Oct. 05, 2021 11:56 AM EDT

WASHINGTON (AP) — The head of the International Monetary Fund says the agency is trimming its forecast for global growth this year. IMF Managing Director Kristalina Georgieva on Tuesday cited rising risks from inflation, debt and a divergence in growth prospects between...

Recovery hampered as inflation hits new highs in US, Europe

Oct. 01, 2021 11:33 AM EDT

WASHINGTON (AP) — Inflation has reached new highs in the United States and Europe as rising energy prices and supply bottlenecks restrain an economic recovery from the pandemic in both economies. The U.S. Commerce Department reported Friday that prices rose 4.3% in...

Shortages, shipping, shutdowns hit Asian factory output

Sep. 30, 2021 23:54 PM EDT

Shortages of power, computer chips and other parts, soaring shipping costs and shutdowns of factories to battle the pandemic are taking a toll on Asian economies. While business sentiment is improving in some parts of Asia as governments begin easing restrictions put in...