Economic growth

September 17, 2020 - 12:09 pm
BUCHAREST, Romania (AP) — Romania’s armed forces received their first shipment of U.S. Patriot surface-to-air missiles on Thursday, part of efforts to upgrade the country’s military capabilities. The missiles made by defense contractor Raytheon, as well as recent purchases of F-16 fighter jets, are...
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FILE - In this April 14, 2020, file photo, a foreign tourist walks along an empty road lined with closed shops in Bali, Indonesia. The Asian Development Bank has forecast Tuesday, Sept. 15, 2020 that developing economies in the region will contract in 2020, the first such downturn in nearly 60 years. (AP Photo/Firdia Lisnawati, File)
September 15, 2020 - 3:03 am
Developing economies in Asia will contract in 2020, the first such downturn in nearly 60 years, the Asian Development Bank said Tuesday in an update to its forecasts. The update of the ADB’s outlook estimates the regional economy will contract 0.7% this year, recovering to 6.8% growth in 2021...
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A homeless man stands at a street corner in Johannesburg, Wednesday July 22, 2020. Official statistics show that South Africa's economy has sunk deeper into recession, with its gross domestic product for the second quarter of 2020 plummeting by 51%, largely as a result of COVID-19 and the country's strict lockdown. (AP Photo/Denis Farrell)
September 08, 2020 - 10:35 am
JOHANNESBURG (AP) — South Africa’s economy has sunk deeper into recession, with its gross domestic product for the second quarter of 2020 plummeting by 51%, largely as a result of COVID-19 and the country's strict lockdown, according to statistics released Tuesday. South Africa imposed one of the...
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People take elevators at a shopping building in Tokyo on Aug. 24, 2020. Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday, Sept. 8, 2020, Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. (AP Photo/Eugene Hoshiko)
September 07, 2020 - 10:27 pm
TOKYO (AP) — Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. The...
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In this photo released by Xinhua News Agency, Chinese President Xi Jinping addresses the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services (CIFTIS) via video in Beijing, China on Friday, Sept. 4, 2020. Chinese President Xi Jinping said China will further open to the outside world at the opening ceremony of a massive trade fair in Beijing, the first this large scale trade event integrating online and offline exchanges since the coronavirus outbreak. (Li Tao/Xinhua via AP)
September 04, 2020 - 11:19 pm
BEIJING (AP) — President Xi Jinping pledged to open China’s service industries wider to foreign competitors as its first in-person trade fair since the coronavirus outbreak opened under intensive anti-disease controls. Xi gave no details in his speech Friday night, but Chinese leaders are...
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A shopkeeper and his staff wait for customers at a garment store in Mumbai, India, Monday, Aug. 31, 2020. India’s economy contracted by 23.9% in the April-June quarter, its worst performance in at least 24 years, the government announced Monday, as the coronavirus pandemic ravaged what was once the world's fastest growing major economy. (AP Photo/Rajanish Kakade)
August 31, 2020 - 11:38 am
NEW DELHI (AP) — India’s economy contracted by 23.9% in the April-June quarter, its worst performance in at least 24 years, the government announced Monday, as the coronavirus pandemic ravaged what was once the world's fastest growing major economy. The contraction followed tepid 3.1% growth in the...
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Workers iron shirts in an apparel factory in Hai'an city in east China's Jiangsu province on Thursday, Aug. 27, 2020. China's manufacturing activity edged lower in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed on Monday, Aug. 31, 2020. (Chinatopix via AP)
August 30, 2020 - 11:26 pm
BEIJING (AP) — China’s manufacturing activity held steady in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed Monday. The monthly purchasing managers’ index released by the Chinese statistics agency and...
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German Chancellor Angela Merkel takes her mask off as she arrives with French President Emmanuel Macron for a press conference at the Fort de Bregancon, southern France, Thursday, Aug. 20, 2020. The leaders of Germany and France are meeting Thursday at a Mediterranean retreat for talks on how to resuscitate Europe's economy without causing a new virus crisis, and on a growing number of global hot spots. (Christophe Simon/Pool Photo via AP)
August 25, 2020 - 2:46 am
BERLIN (AP) — The German economy, Europe's biggest, shrank slightly less in the second quarter than originally estimated, the official statistics agency said Tuesday — though the 9.7% drop was still easily the worst on record. The Federal Statistical Office revised the quarter-on-quarter...
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FILE - People walk by the New York Stock Exchange, left, Tuesday, July 21, 2020. Stocks are drifting again on Wall Street Friday, Aug. 21, following a mixed set of data on the economy, as a record-breaking but wishy-washy week of trading closes out. (AP Photo/Mark Lennihan)
August 21, 2020 - 4:07 pm
NEW YORK (AP) — More gains for tech stocks propped up an otherwise wobbly Wall Street on Friday, as a record-breaking but wishy-washy week of trading came to a close. The S&P 500 rose 0.3%, even though most stocks in the index were weaker after a couple reports on the U.S. economy showed more...
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German Chancellor Angela Merkel, left, and French President Emmanuel Macron arrives for a press conference at the Fort de Bregancon, southern France, Thursday, Aug. 20, 2020. The leaders of Germany and France are meeting Thursday at a Mediterranean retreat for talks on how to resuscitate Europe's economy without causing a new virus crisis, and on a growing number of global hot spots. (Christophe Simon/Pool Photo via AP)
August 21, 2020 - 9:52 am
LONDON (AP) — The European economy's rebound from the coronavirus recession appears to have slowed in August as a resurgence in new confirmed contagions across the region makes businesses, shoppers and travelers more cautious. An indicator of business activity published Friday by research firm IHS...
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