U.S. Economy Grew at 2.1% Rate in Fourth Quarter
The American economy turned in a weaker annual performance last year than in 2018, held back by developments that set the stage for slower growth to come. Gross domestic product Continue Reading
Global stocks tumble over China epidemic worries
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the Continue Reading
Policymakers fret over risk to global growth from China virus outbreak
A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. Continue Reading
U.S. economy growing moderately in fourth quarter; likely missed Trump’s 3% goal in 2019
The U.S. economy likely maintained a moderate pace of growth in the fourth quarter, and probably again fell short of attaining the Trump administration’s coveted but elusive 3% annual growth Continue Reading
U.S. economy on path to ‘solid’ 2020 growth; budget deficits to top $1 trillion
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion. While Continue Reading
U.S. National Debt Will Rise to 98% of GDP by 2030, CBO Projects
The national debt and sustained federal budget deficits will hit the highest levels since World War II over the next decade, the Congressional Budget Office projected on Tuesday, following multiple Continue Reading
World may have hit peak car output, says auto-parts supplier Bosch
Global automotive production may have peaked, auto supplier Robert Bosch said on Wednesday, announcing job cuts and a review of its business to cope with a 44% drop in full-year Continue Reading
Business survey suggests U.S. labor market may have peaked
There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the Continue Reading
New Risk to World Economy: Synchronized Housing Slowdown
Housing markets across the world, from the U.K. to China to Australia, are losing steam, holding back prospects for the global economy that last year grew at its slowest rate Continue Reading
China’s Economic Growth Slows to 6.1% as Trade and Business Confidence Suffer
Chinese economic growth slowed to 6.1% last year, according to figures released Friday, as sagging trade and business confidence pulled the closely watched reading to its lowest level in nearly Continue Reading