Economic growth

Kayakers race in front of the Burj Khalifa, the world's tallest building, off the coast of Dubai, United Arab Emirates, Friday, June 19, 2020. Dubai has begun allowing organized sports competitions to take place after locking down over the coronavirus pandemic and the COVID-19 illness it causes. Competitions held Friday at the Dubai Offshore Sailing Club were among the first events to be held. (AP Photo/Jon Gambrell)
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July 05, 2020 - 7:59 am
DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced a wide-ranging government shakeup on Sunday aimed at creating a more flexible and modern bureaucracy to tackle challenges as the coronavirus and lower oil prices erode what was already sluggish economic growth. The UAE prime...
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Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies before a Senate Health, Education, Labor and Pensions Committee hearing on Capitol Hill in Washington, Tuesday, June 30, 2020. (Kevin Dietsch/Pool via AP)
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June 30, 2020 - 2:40 pm
WASHINGTON — Dr. Anthony Fauci said coronavirus cases could grow to 100,000 a day in the U.S. if Americans don’t start following public health recommendations. The nation’s leading infectious disease expert made the remark at a Senate hearing on reopening schools and workplaces. Asked to forecast...
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U.S. Secretary of Defense Mark Esper, left, and NATO Secretary General Jens Stoltenberg participate in a joint press conference at NATO headquarters in Brussels, Friday, June 26, 2020. U.S. Secretary of Defense Mark Esper is at NATO to follow-up on a broad range of issues raised during last week's NATO defense ministerial. (AP Photo/Virginia Mayo, Pool)
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June 26, 2020 - 8:14 am
BRUSSELS (AP) — U.S. Defense Secretary Mark Esper on Friday sought to reassure allies at NATO that Washington will consult them on any future troop movements, after President Donald Trump surprised partners at the military alliance by announcing the withdrawal of thousands of personnel from Germany...
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An empty parking lot is seen at a temporarily closed Kohl's department store, Wednesday, April 29, 2020, in Havertown, Pa. Devastated by the coronavirus, the U.S. economy is sinking. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the year. (AP Photo/Matt Slocum)
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June 25, 2020 - 9:52 am
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period, which will show what happened when the pandemic began spread across the U.S. The Commerce Department reported Thursday that the decline in the...
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FILE - In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. (AP Photo/Jens Meyer, File)
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June 24, 2020 - 9:33 am
WASHINGTON (AP) — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year,...
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June 24, 2020 - 5:50 am
ALGIERS, Algeria (AP) — Algeria's president has reshuffled the government to try to fix growing economic problems linked to the country's dependence on oil revenues and fallout from virus-related restrictions on production, travel and trade. State news agency APS announced the changes by President...
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A resident wearing a mask to curb the spread of the new coronavirus waits near government propaganda with the words "Democracy" and "People first" on the street of Beijing on Thursday, June 18, 2020. China's capital Beijing reported a decline in newly confirmed cases of coronavirus Thursday as the city continued to press stricter measures to contain a new outbreak. (AP Photo/Ng Han Guan)
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June 18, 2020 - 1:35 am
BEIJING (AP) — China’s capital Beijing reported a decline in newly confirmed cases of coronavirus Thursday as the city continued to press stricter measures to contain a new outbreak. A total of 158 people have been confirmed as infected since the new outbreak was detected last week at the Xinfad...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)
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June 14, 2020 - 11:51 pm
TOKYO (AP) — Shares were mostly lower in Asia on Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. Benchmarks in Tokyo, Sydney and Shanghai fell after China reported an outbreak of new infections in Beijing and...
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A woman walks into a closing Gordmans store, Thursday, May 28, 2020, in St. Charles, Mo. Stage Stores, which owns Gordmans, is closing all its stores and has filed for Chapter 11 bankruptcy. (AP Photo/Jeff Roberson)
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June 08, 2020 - 6:42 pm
WASHINGTON (AP) — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record. The economists said that employment, income and spending peaked in February and then fell sharply afterward as the...
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June 08, 2020 - 12:01 am
WASHINGTON (AP) — Business economists expect the United States to suffer its worst downturn this year in more than seven decades before growth resumes sometime next year. Overhanging that forecast, though, is the risk that a second wave of the coronavirus could threaten the economy once again. A...
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