Economic growth

Envelopes from the Florida Department of Economic Opportunity Reemployment Assistance Program are shown, Thursday, Nov. 5, 2020, in Surfside, Fla. The number of a Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks. (AP Photo/Wilfredo Lee)
November 25, 2020 - 1:23 pm
WASHINGTON (AP) — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released Wednesday suggested that the spread of the...
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A shopper in a face mask looks over cuts of beef piled up in a cold room for purchase at a Costco warehouse store Tuesday, May 5, 2020, in west Denver. The U.S. economy rebounded at an even-stronger pace in the July-September quarter than first reported but a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some analysts even raising the specter of a double-dip recession. (AP Photo/David Zalubowski)
November 25, 2020 - 10:51 am
WASHINGTON (AP) — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%. But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some economists even raising the specter of a double-dip...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 24, 2020 - 12:01 am
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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Malaysia's Prime Minister Muhyiddin Yassin, arrives for the opening of the first virtual Asia-Pacific Economic Cooperation (APEC) leaders' summit, hosted by Malaysia, in Kuala Lumpur, Malaysia, Friday, Nov. 20, 2020. (AP Photo/Vincent Thian)
November 20, 2020 - 11:39 am
KUALA LUMPUR, Malaysia (AP) — Leaders from the Asia-Pacific Economic Cooperation forum, including U.S. President Donald Trump, pledged Friday to work toward free, open and non-discriminatory trade and investment to revive their coronavirus-battered economies. The leaders cast aside differences to...
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Men wearing masks against the spread of the coronavirus stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Nov. 16, 2020. Shares started out the week on a strong footing after the Standard & Poors 500 hit a fresh high on Friday, with strong data from Japan and China fueling optimism over economic recoveries even as coronavirus caseloads surpass earlier records.(AP Photo/Eugene Hoshiko)
November 15, 2020 - 9:46 pm
Shares started out the week on a strong footing after the Standard & Poors 500 hit a fresh high on Friday, with strong robust from Japan and China fueling optimism over economic recoveries even as coronavirus caseloads surpass earlier records. Stock benchmarks rose Monday in Hong Kong, Tokyo...
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People take elevators at a shopping building in Tokyo Monday, Aug. 24, 2020. Japan's economy grew at an annual rate of 21.4% in the last quarter in a recovery from the shocks of the pandemic driven by both private spending and exports. (AP Photo/Eugene Hoshiko)
November 15, 2020 - 8:25 pm
TOKYO (AP) — Japan's economy grew at an annual rate of 21.4% in the last quarter in a recovery from the shocks of the pandemic driven by both private spending and exports. The world’s third largest economy had logged three straight quarters of contraction and was already in recession by the time...
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A man walks across the normally busy Piccadilly Circus in central London after a heavy rain downpour, Monday Nov. 9, 2020. The London streets are nearly deserted during the first full week of a four-week coronavirus lockdown in England, but some are calling to allow businesses to reopen their doors to kickstart the city economy. (Victoria Jones/PA via AP)
November 12, 2020 - 4:34 am
LONDON (AP) — The British economy remained nearly 10% smaller at the end of the third quarter despite posting a record bounceback in the summer, when many of the restrictions that had been placed on businesses to control the pandemic were lifted. The imposition of new limits on public life in the...
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FILE - In this Friday, March 27, 2020, file photo, a man walks past the closed Cafe Du Monde restaurant in the French Quarter of New Orleans. President-elect Joe Biden will inherit a mangled U.S. economy, one that never fully healed from the coronavirus and could suffer again as new infections are climbing. The once robust recovery has shown signs of gasping after federal aid lapsed. Ten million remain jobless and more layoffs are becoming permanent. The Federal Reserve found that factory output dropped. (AP Photo/Gerald Herbert, File)
November 09, 2020 - 12:55 am
BALTIMORE (AP) — Joe Biden will inherit a mangled U.S. economy — one that never fully healed from the coronavirus and could suffer again as new infections are climbing. The once robust recovery has shown signs of gasping after federal aid lapsed. Ten million remain jobless and more layoffs are...
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A man walks past the Reserve Bank of Australia headquarters in Sydney, Tuesday, Nov. 3, 2020. Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession.(Dan Himbrechts/AAP Image)
November 03, 2020 - 1:22 am
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy from a pandemic-induced recession. The move was the first since March when the Reserve Bank of Australia board made two...
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October 30, 2020 - 1:24 pm
MEXICO CITY (AP) — Mexico’s estimated gross domestic product in the third quarter of the year was 8.6% below that for the same July to September period the previous year, but showed signs of improvement, the country’s statistical agency said Friday. Even prior to the coronavirus pandemic, Mexico’s...
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