Economic outlook

FILE - Marble sculptures occupy the pediment above the New York Stock Exchange signage, Tuesday Aug. 25, 2020, in New York. Stocks are drifting in mixed trading on Wall Street Friday, Sept. 18, as another zig-zag week for markets closes out following their abrupt loss of momentum this month.(AP Photo/Bebeto Matthews, File)
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September 18, 2020 - 5:30 pm
Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly loss. The S&P 500 fell 1.1%, led once again by a sell-off in technology companies, with Apple, Amazon and Alphabet weighing particularly on the...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)
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September 16, 2020 - 11:27 pm
Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S...
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FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington. The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The Fed on Wednesday, Sept. 16, also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. (Bill O'Leary/The Washington Post via AP, Pool)
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September 16, 2020 - 6:55 pm
WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a...
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Cars and trucks drive on the main highway with the buildings of the banking district in background in Frankfurt, Germany, Monday, Sept. 14, 2020. (AP Photo/Michael Probst)
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September 16, 2020 - 7:48 am
PARIS (AP) — The global economy is not doing as bad as previously expected, especially in the United States and China, but has still stuffered an unprecedented drop due to the coronavirus pandemic, an international watchdog said Wednesday. The Organization for Economic Cooperation and Development...
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FILE - In this April 14, 2020, file photo, a foreign tourist walks along an empty road lined with closed shops in Bali, Indonesia. The Asian Development Bank has forecast Tuesday, Sept. 15, 2020 that developing economies in the region will contract in 2020, the first such downturn in nearly 60 years. (AP Photo/Firdia Lisnawati, File)
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September 15, 2020 - 3:03 am
Developing economies in Asia will contract in 2020, the first such downturn in nearly 60 years, the Asian Development Bank said Tuesday in an update to its forecasts. The update of the ADB’s outlook estimates the regional economy will contract 0.7% this year, recovering to 6.8% growth in 2021...
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September 14, 2020 - 9:47 am
TAIPEI, Taiwan (AP) — China warned the United States on Monday of potential “serious damage” to their relations if it does not withdraw from an upcoming economic meeting with Taiwan that is expected to be attended by a senior American official. Chinese foreign ministry spokesman Wang Wenbin urged...
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A homeless man stands at a street corner in Johannesburg, Wednesday July 22, 2020. Official statistics show that South Africa's economy has sunk deeper into recession, with its gross domestic product for the second quarter of 2020 plummeting by 51%, largely as a result of COVID-19 and the country's strict lockdown. (AP Photo/Denis Farrell)
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September 08, 2020 - 10:35 am
JOHANNESBURG (AP) — South Africa’s economy has sunk deeper into recession, with its gross domestic product for the second quarter of 2020 plummeting by 51%, largely as a result of COVID-19 and the country's strict lockdown, according to statistics released Tuesday. South Africa imposed one of the...
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People take elevators at a shopping building in Tokyo on Aug. 24, 2020. Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday, Sept. 8, 2020, Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. (AP Photo/Eugene Hoshiko)
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September 07, 2020 - 10:27 pm
TOKYO (AP) — Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. The...
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The buildings of the banking district are seen in Frankfurt, Germany, early Sunday, Sept. 6, 2020. (AP Photo/Michael Probst)
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September 07, 2020 - 7:01 am
BERLIN (AP) — German industrial production increased for the third consecutive month in July, but the gain was relatively modest following bigger gains in the immediate aftermath of this spring's shutdowns, official data showed Monday. Production rose 1.2% compared with the previous month, the...
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The buildings of the banking district are seen from above after sunset in Frankfurt, Germany, Tuesday, Aug. 25, 2020. (AP Photo/Michael Probst)
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September 01, 2020 - 7:17 am
BERLIN (AP) — The German economy, Europe's biggest, is performing better than expected following the easing of coronavirus lockdown restrictions, the government said Tuesday, as it issued a slightly more optimistic forecast for this year. Economy Minister Peter Altmaier said he is now predicting a...
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