Economic outlook

July 29, 2019 - 11:11 am
WASHINGTON (AP) — U.S. business economists expect economic growth to slow this year, and a rising proportion of them think corporate sales and profits will decline. The National Association for Business Economics says its quarterly survey, released Monday, about business conditions finds that the...
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In this Wednesday, July 24, 2019 photo, the container ship Seaboard Atlantic is shown docked at PortMiami in Miami. The government says the U.S. economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. President Donald Trump had frequently boasted of the 3% growth figure as evidence that his policies invigorated the economy. (AP Photo/Wilfredo Lee)
July 26, 2019 - 5:55 pm
WASHINGTON (AP) — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce...
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July 26, 2019 - 8:35 am
WASHINGTON (AP) — The government says the U.S. economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. President Donald Trump had frequently boasted of the 3% growth figure as evidence that his policies invigorated the economy. The Commerce...
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FILE - In this Wednesday, June 19, 2019, file photo, a cargo ship is docked at the Port of Los Angeles, in Los Angeles. The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund is slightly boosting its forecast for U.S. economy in 2019, citing expectations that the Federal Reserve will cut interest rates. (AP Photo/Marcio Jose Sanchez, File)
July 23, 2019 - 10:56 am
WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund is boosting its forecast for U.S. economy this year, citing expectations that the Federal Reserve will cut interest...
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Conservative party leadership candidate Boris Johnson delivers his speech during a Conservative leadership hustings at ExCel Centre in London, Wednesday, July 17, 2019. The two contenders, Jeremy Hunt and Boris Johnson are competing for votes from party members, with the winner replacing Prime Minister Theresa May as party leader and Prime Minister of Britain's ruling Conservative Party. (AP Photo/Frank Augstein)
July 18, 2019 - 10:28 am
LONDON (AP) — British lawmakers on Thursday put a substantial roadblock in the path of any attempt by a Brexit-backing prime minister to take the country out of the European Union without a divorce deal. The move came as the U.K.'s official economic watchdog said a no-deal Brexit would trigger a...
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Bank of Korea Gov. Lee Ju-yeol speaks during a press conference in Seoul, South Korea, Thursday, July 18, 2019. South Korea's central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan. (AP Photo/Ahn Young-joon)
July 18, 2019 - 3:25 am
SEOUL, South Korea (AP) — South Korea's central bank on Thursday cut its policy rate for the first time in three years to shore up growth threatened by a trade dispute with Japan. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50% following a meeting of its...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 7:23 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. (all times local) 7:20 p.m. Testimony by Chairman Jerome Powell to a House Committee about the economic outlook led investors to send stock prices up, bond...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 4:12 pm
WASHINGTON (AP) — Pointing to a weaker global economy, rising trade tensions and chronically low inflation, Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade. Delivering the central bank's semiannual...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici, left, speaks with European Commissioner for Migration and Home Affairs Dimitris Avramopoulos during the weekly college meeting at EU headquarters in Brussels, Wednesday, July 3, 2019. (AP Photo/Virginia Mayo)
July 10, 2019 - 5:49 am
BRUSSELS (AP) — The European Union said Wednesday it has trimmed its forecasts for economic growth next year as global trade tensions weigh on the bloc's export-focused manufacturers. The EU executive commission reduced its forecast for next year for both the 19-country eurozone and the 27...
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July 04, 2019 - 3:56 am
NEW DELHI (AP) — India's government says the economy is expected to grow at 7% in 2019-20, up from a five-year low of 6.8% in the past year. Finance Minister Nirmala Sitharaman presents the economic report in Parliament on Thursday, a day before unveiling the annual federal budget. India's...
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