Economic outlook

A shopper walks by a store, Monday, Nov. 18, 2020 in Pembroke Pines, Fla. After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are not normal times.(AP Photo/Marta Lavandier)
November 27, 2020 - 12:20 am
NEW YORK (AP) — After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope. In normal times, Black Friday is the busiest shopping day of the year, drawing millions of shoppers eager to get started on their holiday spending. But these are...
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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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Christmas lights are lit up on New Bond Street in Mayfair, London, Tuesday, Nov. 24, 2020. Haircuts, shopping trips and visits to the pub will be back on the agenda for millions of people when a four-week lockdown in England comes to an end next week, British Prime Minister Boris Johnson said Monday. (AP Photo/Alberto Pezzali)
November 25, 2020 - 8:46 am
LONDON (AP) — The British government has ditched its long-standing target for overseas aid in order to finance other spending priorities in the year ahead as the pandemic caused the deepest recession in more than three centuries. In a statement to lawmakers on Wednesday, Treasury chief Rishi Sunak...
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The Parthenon temple is illuminated atop of the Acropolis hill as a ferry approaches the port of Piraeus as another one departs in Athens, Monday, Oct. 26, 2020. (AP Photo/Thanassis Stavrakis)
November 20, 2020 - 11:20 am
Greece has downgraded its forecasts for the economy this year to include the impact of a second lockdown, and says the national debt is now expected to exceed 200% of annual output. The Finance Ministry on Friday said that it expects the economy to contract by 10.5% in 2020 and rebound by a modest...
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People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Nov. 17, 2020. Asian shares rose Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused. (AP Photo/Vincent Yu)
November 16, 2020 - 10:27 pm
TOKYO (AP) — Asian shares rose Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused. Moderna said its COVID-19 vaccine appears to be 94.5% effective, according to preliminary data. It’s...
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Lanterns above an alleyway in the old town of Fulda provide a colourful ambience, despite the prevailing emptiness in the streets due to the partial lockdown in Fulda, Germany, Tuesday, Nov. 10, 2020. (Frank Rumpenhorst/dpa via AP)
November 11, 2020 - 9:16 am
BERLIN (AP) — The German government's panel of independent economic advisers is predicting that the country's economy, Europe's biggest, will shrink by 5.1% this year — a somewhat more optimistic forecast than one made recently by ministers. In a report released Wednesday, the five-member German...
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In this photo provided by the New York Stock Exchange, a trader works at the New York Stock Exchange on Tuesday, Nov. 10, 2020. The big rally for markets worldwide is slowing on Tuesday, but optimism remains high that the global economy may still be on track for a return to normal. (Colin Ziemer/New York Stock Exchange via AP)
November 10, 2020 - 4:16 pm
NEW YORK (AP) — A worldwide stock market rally slowed down on Tuesday even as optimism remains high that the global economy may be on track for a return to normal. It’s the second straight day that rising hopes for a coronavirus vaccine have investors reordering which stocks they see winning and...
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Traffic and people pass over Westminster Bridge with a fog shrouded Houses of Parliament and the Elizabeth Tower, known as Big Ben, hidden behind, on the first day of Britain's second lockdown designed to save its health care system from being overwhelmed by people with coronavirus, in London, Thursday, Nov. 5, 2020. Britain joined large swathes of Europe in a coronavirus lockdown designed to save its health care system from being overwhelmed. Pubs, along with restaurants, hairdressers and shops selling non-essential items closed on Thursday until at least Dec. 2. (AP Photo/Matt Dunham)
November 05, 2020 - 8:11 am
LONDON (AP) — The British government and the Bank of England joined forces Thursday to provide further support to an economy that is set for a difficult winter following the imposition of new coronavirus lockdown measures. Hours after the central bank increased its monetary stimulus by a bigger...
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A throng of supporters listen to a video message as they await President Donald Trump for a campaign stop, Saturday, Oct. 31, 2020, at the Butler County Regional Airport in Butler, Pa. (AP Photo/Keith Srakocic)
November 02, 2020 - 1:44 am
Expect to see a lot more of the same if there's a second Trump administration. President Donald Trump has consistently pointed to tax cuts and regulatory relief as key successes of his first four years in office. He has repeatedly pushed for the end of the Obama-era health law but has yet to...
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