U.S. trade deficit hit record $74.4 billion in March
The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
Europe’s economy shrinks in first quarter as U.S. rolls ahead
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.
IMF upgrades forecast for 2021 global growth to a record 6 percent
The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast.
Glimmers of hope for world economy, but dangers lurk
The Organization for Economic Cooperation and Development predicted Tuesday that the world economy will bounce back to its pre-pandemic levels by the end of next year, but that recovery will be uneven across the countries.
The global economy is expected to rebound and grow by 5 percent next year, the Organization for Economic Cooperation and Development said in a report.
The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% drop it had estimated in its previous report in April.
In our news wrap Thursday, the pandemic continues to surge in other parts of the world. Brazil and India have reported major infection increases, and the World Health Organization reiterated that “the threat of a resurgence remains very real.” Also,…
The CEO of the world's busiest airport for international travel wants to get the globe flying again, but even he acknowledges everything remains up in the air during the coronavirus pandemic.
The United Nations is forecasting that the coronavirus pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s.
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