Economic outlook
Stocks are mostly lower in Asia after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation.
BISMARCK, N.D. (AP) — The latest economic outlook report for North Dakota is showing continued improvement for 2022, despite a national economy that shrank in the first quarter and is showing signs of entering a recession.
BOSTON (AP) — Massachusetts’ strong economic outlook is prompting Democratic leaders in the state Senate to consider a package of tax cuts.
A group of leading economic think tanks has slashed its forecast for growth in Germany this year. They predicted on Wednesday that Europe’s biggest economy will expand by 2.7% as Russia’s war in Ukraine weighs on prospects.
The World Trade Organization is predicting that trade in goods will grow much less than previously expected this year, saying prospects for the global economy have darkened since the onset of Russia’s war in Ukraine.
BISMARCK, N.D. (AP) — The latest outlook from North Dakota State University researchers finds the state’s economy is poised for growth this year.
Asian shares have advanced as investors eye talks between Ukraine and Russia aimed at trying to end the war. The two sides only agreed to keep talking.
BOISE, Idaho (AP) — Lawmakers on an economic forecasting committee working on recommendations the entire Legislature can use to set the state’s budget struggled Thursday with factoring in how billions of dollars in federal coronavirus relief money will influence the state’s financial picture going f
SPRINGFIELD, Ill. (AP) — An unexpectedly robust rebound in post-pandemic Illinois tax revenue reported Tuesday by Gov. J.B.
The International Monetary Fund is slightly downgrading its outlook for the global recovery from the pandemic recession, reflecting the persistence of supply chain disruptions in industrialized countries and deadly disparities in vaccination rates between rich and poor nations.
The head of the International Monetary Fund says the agency is trimming its forecast for global growth this year.
Asian share are mostly higher, but skepticism about the regional economic outlook tempered the rally amid worries about further waves of COVID-19 outbreaks.
The International Monetary Fund is sharply upgrading its economic outlook this year for the world’s wealthy countries, especially the United States, as COVID-19 vaccinations help sustain solid rebounds from the pandemic recession.
The Bank of England is keeping its main interest rate at the record low of 0.1% and updating its growth predictions for the British economy following the lifting of many coronavirus lockdown restrictions.
The global economic recovery from the pandemic faces multiple headwinds, including lack of vaccines in poorer countries.
BISMARCK, N.D. (AP) — A new quarterly report shows North Dakota’s economic outlook is improving as the coronavirus pandemic begins to wane.
The United Nations has responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% for 2021.
Federal Reserve Chairman Jerome Powell says the economic outlook has “clearly brightened” in the United States, but the recovery remains too uneven with lower income groups lagging behind.
DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices.
WASHINGTON (AP) — Views of the nation’s economy are the rosiest they’ve been since the pandemic began more than a year ago, buoyed by Democrats feeling increasingly optimistic as President Joe Biden’s $1.9 trillion relief package is distributed across the country.
TOKYO (AP) — Asian shares were mixed Wednesday as world markets cautiously awaited the U.S. central bank’s latest comments on the economic outlook.
WASHINGTON (AP) — The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is highly uncertain and growth could be imperiled if coronavirus infections and delays in the rollout of vaccine
FRANKFURT, Germany (AP) — Business optimism in Germany rose somewhat in December but remained at depressed levels as the pandemic continues to whipsaw Europe’s largest economy.
WASHINGTON (AP) — The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: A short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines.
WASHINGTON (AP) — The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century.
Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.
PARIS (AP) — The global economy is not doing as bad as previously expected, especially in the United States and China, but has still suffered an unprecedented drop due to the coronavirus pandemic, an international watchdog said Wednesday.
WASHINGTON (AP) — U.S. consumer confidence fell for the second consecutive month, sinking to the lowest levels in more than six years as a resurgence of COVID-19 infections in many parts of the country heightened pessimism.
WASHINGTON (AP) — U.S. consumers lifted their spending in May and June but businesses remained cautious because of the tremendous uncertainty surrounding the economic outlook, Federal Reserve officials said at a policy meeting last month.
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring.
BEIJING (AP) — Asian stock markets were mostly higher Friday after Wall Street closed lower amid uncertainty about the U.S. economic outlook.