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 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 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 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 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. Continue reading
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. Continue reading
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. Continue reading
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. Continue reading
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… Continue reading