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economic growth

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People shop at Macy’s department store in Manhattan in New York City

Economy Mar 27

U.S. economy grew 2.4 percent in 4th quarter of 2024 after upgrade in growth estimate

By Paul Wiseman, Associated Press

World Mar 05

National People's Congress opening session in Beijing
China targets economic growth of ‘around 5 percent’ despite looming trade war with U.S.

The Chinese government unveiled an annual economic growth target of “around 5 percent” on Wednesday, despite the possible negative impact of a looming trade war with the United States, and pledged to address what it called “sluggish” consumer spending at home.

By Simina Mistreanu, Ken Moritsugu, Associated Press

Economy Sep 26

A woman carries shopping bags during the holiday season in New York
U.S. economy grew at a solid amount last quarter, government says in final estimate

The Commerce Department reported that the nation's gross domestic product — the nation's total output of goods and services — growth picked up sharply in the second quarter.

By Paul Wiseman, Associated Press

Economy Aug 29

People shop for groceries at Eastern Market in Washington
U.S. economic growth revised up to solid 3 percent annual rate for second quarter of 2024

The U.S. economy grew last quarter at a healthy 3 percent annual pace, fueled by strong consumer spending and business investment, the Department of Commerce said Thursday in an upgrade of its initial assessment.

By Paul Wiseman, Associated Press

World Mar 06

China Securities Regulatory Commission (CSRC) Chairman Wu Qing attends a press conference on the sidelines of the National People's Congress (NPC), in Beijing, China March 6, 2024. Photo by Tingshu Wang/Reuters
China says economy got a strong start in 2024, sets sights on latest technology, upgrading factories

Top Chinese financial officials have outlined details of the ruling Communist Party's plans for the year, saying a 5% target for economic growth is within reach after a strong start to the year.

By Elaine Kurtenbach, Associated Press

Jan 05

UN cites conflicts, climate disasters in somber 2024 global economic forecast

By Edith Lederer, Associated Press

The report warned that the prospects of prolonged tighter credit conditions and higher borrowing costs present “strong headwinds” for a world economy saddled with debt, especially in poorer developing countries, and needing investment to resuscitate growth.

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Nov 29

U.S. economic growth for last quarter is revised up to a 5.2 percent annual rate

By Paul Wiseman, Associated Press

Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2 percent annual pace from July through September, the government said in an upgrade from its previous estimate.

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Apr 30

Europe’s economy shrinks in first quarter as U.S. rolls ahead

By David McHugh, Associated Press

Europe's economy shrank 0.6% in the first three months of the year as slow vaccine rollouts and extended lockdowns delayed a hoped-for recovery - and underlined how the region is lagging other major economies in rebounding from the coronavirus pandemic.

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Jan 28

U.S. economy shrank 3.5 percent in 2020 after growing 4 percent last quarter

By Martin Crutsinger, Associated Press

Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4 percent annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.

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Oct 29

U.S. economy grew at 33 percent rate in third quarter, but recovery is incomplete

By Martin Crutsinger, Associated Press

The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses…

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