Feb 24 Putin warns that the West shouldn’t ‘push’ Russia out of the global economy By Associated Press Speaking at a Kremlin meeting with businesspeople Thursday, President Vladimir Putin said “Russia remains part of the global economy and isn’t going to hurt the system that it is part of as long as it remains there.”… Continue reading
Oct 19 Energy crunch hits global recovery as winter approaches By David McHugh, Colleen Barry, Joe McDonald, Tatiana Pollastri, Associated Press The world is facing energy crunch, as countries use more energy as they rebound from the coronavirus pandemic, straining gas, oil and other fuel supplies. Continue reading
May 04 U.S. trade deficit hit record $74.4 billion in March By Martin Crutsinger, Associated Press 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. 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
Apr 06 IMF upgrades forecast for 2021 global growth to a record 6 percent By Paul Wiseman, Associated Press 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. Continue reading
Dec 01 Glimmers of hope for world economy, but dangers lurk By Jeffrey Schaeffer, Alex Turnbull, Associated Press 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. Continue reading
Sep 16 Report finds global economic outlook not as bad as expected By Associated Press 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. Continue reading
Jun 24 IMF downgrades outlook for global economy in face of virus By Martin Crutsinger, Associated Press 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. Continue reading
Jun 11 Watch 4:19 News Wrap: Coronavirus cases continue to surge in Brazil, India 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,… Continue watching
May 14 Dubai airport CEO: Global travel still up in air over virus By Jon Gambrell, Associated Press 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. Continue reading