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FILE PHOTO: Electronic board shows stock index in Shanghai

Economy Apr 06

What to know about the effect of Trump’s tariffs on globalization

By John Yang, Andrew Corkery

World Apr 03

King Penguins, Heard Island
5 places Trump has targeted for tariffs even though they have few or no exports

The Trump administration’s sweeping tariffs have touched rocky outcrops home to polar bears in the Arctic, tiny tropical islands and a former British penal colony whose leader is befuddled that it was targeted.

By Rod McGuirk, Jamey Keaten, Associated Press

Politics Apr 04

U.S. Treasury Secretary Janet Yellen arrives at Guangzhou Baiyun International Airport, in Guangzhou
Treasury Secretary Janet Yellen arrives in China to talk trade, green technology tensions

The world’s two largest economies still appear to be hashing out the rules on how to compete against each other.

By Fatima Hussein, Associated Press

Economy Jan 09

People walk on the beach as a container ship crosses the Gulf of Suez towards the Red Sea before entering the Suez Canal, in El Ain El Sokhna in Suez, east of Cairo, Egypt April 24, 2017. Picture taken April 24, 2017. Photo by Amr Abdallah Dalsh/REUTERS
Global economy will slow for a third straight year in 2024, World Bank predicts

Heightened global tensions, arising particularly from Israel's war with Hamas and the conflict in Ukraine, pose the risk of even weaker growth.

By Paul Wiseman, Associated Press

Economy Jan 05

Customers shop in a Carrefour hypermarket in Paris
Inflation rose last month in Europe, could keep rising after months of decline

European Central Bank President Christine Lagarde warned that inflation could tick up in coming months, taking a detour from its recent downward path.

By David McHugh, 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

Apr 11

WATCH: Yellen holds news conference during worrying IMF-World Bank spring meetings

By Paul Wiseman, Fatima Hussein, Associated Press

U.S. Treasury Secretary Janet Yellen held a news conference Tuesday as the outlook for the world economy has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.

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Feb 15

Global economy shows resilience, pain 1 year since the start of Ukraine war

By Paul Wiseman, David McHugh, Associated Press

One year after Russia invaded Ukraine, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world already contending with too much of both.

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Jan 31

Europe shows slight economic growth in final quarter of 2022

By David McHugh, Associated Press

Europe’s economy scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants.

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Jan 31

IMF increases expected growth for the global economy in 2023

By Paul Wiseman, Associated Press

The IMF, a 190-country lending organization, foresees inflation easing this year, a result of aggressive interest rate hikes by the Federal Reserve and other major central banks.

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