Economic outlook

FILE - In this June 6, 2018, file photo, a motorcyclist rides past the Bank Negara Malaysia in Kuala Lumpur, Malaysia. Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, March 3, 2020, citing worsening economic conditions from the virus outbreak in a growing number of countries. The central bank said it expects economic growth to be stunted in this quarter as tourism and consumer spending take a hit from weaker demand. (AP Photo/Sadiq Asyraf, File)
March 03, 2020 - 3:48 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, citing worsening economic conditions from the virus outbreak in a growing number of countries. The Bank Negara Malaysia said it expects economic growth to be...
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A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
March 02, 2020 - 7:55 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
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A woman wearing a protective face mask talks on her phone at the Central Business District in Beijing, Monday, March 2, 2020. China's manufacturing plunged in February as anti-virus controls shut down much of the world's second-largest economy, but companies are confident activity will revive following government stimulus efforts, according to two surveys. (AP Photo/Andy Wong)
March 02, 2020 - 6:41 am
PARIS (AP) — A global agency says the spreading new virus could make the world economy shrink this quarter for the first time since the international financial crisis more than a decade ago. In a special report on the impact of the virus, the Organization for Economic Cooperation and Development...
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Workers wearing protective gears spray disinfectant as a precaution against the new coronavirus at a subway station in Seoul, South Korea, Friday, Feb. 28, 2020. Japan's schools prepared to close for almost a month and entertainers, topped by K-pop superstars BTS, canceled events as a virus epidemic extended its spread through Asia into Europe and on Friday, into sub-Saharan Africa. (AP Photo/Ahn Young-joon)
AP Newsroom
February 28, 2020 - 9:33 pm
NEW YORK (AP) — The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and dragged already slumping financial markets even lower. More employers told their workers to...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)
AP Newsroom
February 28, 2020 - 6:18 pm
Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average...
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In this Friday, Feb. 14, 2020 photo, a truck leaves the docks at PortMiami in Miami. On Thursday, Feb. 27, the Commerce Department issues the second estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Wilfredo Lee)
February 27, 2020 - 4:53 pm
WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the spreading coronavirus is likely depressing growth in the current quarter and for the rest of the year. The overall pace of growth in the October-December quarter was unchanged...
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A currency trader wears a face mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 24, 2020. (AP Photo/Ahn Young-joon)
February 24, 2020 - 7:14 am
BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook. The decline promises a sharp drop on Wall Street when it opens and...
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FILE - In this June 11, 2018, file photo, flames consume trees during a burnout operation that was performed south of County Road 202 near Durango, Colo. A report by the U.S. Geological Survey shows investments made to reduce the risk of wildfire in forested areas are paying dividends when it comes to creating jobs and infusing money in local economies. The study focused on several counties along the New Mexico-Colorado border that make up the watershed of the Rio Grande. (Jerry McBride/The Durango Herald via AP, File)
February 19, 2020 - 5:21 pm
ALBUQUERQUE, N.M. (AP) — Projects to reduce the risk of wildfires and protect water sources in the U.S. West have created jobs and infused more money in local economies, researchers say, and they were funded by a partnership between governments and businesses that has become a model in other...
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FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)
February 19, 2020 - 3:46 pm
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed...
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In this photo taken Tuesday, Feb. 11, 2020, a woman walks past Lunar New Year decor and shuttered bars at a retail district in Beijing, China. Millions of Chinese workers and entrepreneurs are bearing the rising costs of an anti-virus campaign that has shut down large sections of the economy. The government has imposed restrictions nationwide that have stalled travel and sales of real estate and autos. (AP Photo/Ng Han Guan)
February 15, 2020 - 9:28 pm
BEIJING (AP) — Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no income after vast swathes of China’s economy were shut down in a sweeping effort to contain a virus outbreak. Du, who lives in Jiaozhuo, near the...
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