Economic growth - the best personalized free web-based Email en en Economic growth European economic rebound showing surprising strength BRUSSELS (AP) — Europe's economic recovery is showing surprising strength, as key surveys of business activity and optimism hit their highest levels in years. The data released Tuesday hold out hope that the region is set to see a sustained and marked decline in its unemployment rate from the current 9.5 percent. And the good economic n... Tue, 23 May 2017 10:08:00 GMT 2017-05-23T10:08:00Z Huge cuts to food stamps part of Trump's budget proposal WASHINGTON (AP) — President Donald Trump's budget would drive millions of people off of food stamps, part of a new wave of spending cut proposals that already are getting panned by lawmakers in both parties on Capitol Hill. Trump's blueprint for the 2018 budget year comes out Tuesday. It includes a wave of cuts to benefit programs such as Medicaid, federa... Mon, 22 May 2017 06:31:00 GMT 2017-05-22T06:31:00Z Japan economy expands at 2.2 percent annual pace in Jan-Mar TOKYO (AP) — Japan reports that its economy grew at a faster-than-expected 2.2 percent annual pace in January-March. Economists had forecast a strong expansion in the first quarter for the world's third-largest economy, helped by a recovery in exports and consumer spending. But most estimates had not topped 2 percent. The figures releas... Thu, 18 May 2017 02:55:00 GMT 2017-05-18T02:55:00Z Poland's economy posts strong growth in first quarter WARSAW, Poland (AP) — Poland's state statistical office says the economy grew by a robust 4 percent in the first quarter of 2017 compared with the same period last year. The estimate, released Tuesday by the Main Statistical Office, is not adjusted for seasonal variations and is due for revision at the end of the month. The statistical ... Tue, 16 May 2017 11:25:00 GMT 2017-05-16T11:25:00Z Eurozone needs more than Germany for breakout growth LONDON (AP) — Germany once again helped the 19-country eurozone eke out steady, if unspectacular, economic growth in the first quarter of the year. The hope is now that others, such as France and Italy, will start to pull their weight more and push growth even higher this year. Eurostat, the EU's statistics agency, confirmed Tuesday that the region, which... Tue, 16 May 2017 10:43:00 GMT 2017-05-16T10:43:00Z World stocks mixed on Trump fallout, watch G-7 meeting HONG KONG (AP) — World stocks were mixed Friday amid U.S. political uncertainties following President Donald Trump's dismissal of the FBI chief. Investors also were cautious ahead of a meeting of finance ministers from wealthy nations to discuss economic growth, while Chinese markets rose after news of a trade deal with Washington. KEEPING SCORE: In Europ... Fri, 12 May 2017 12:08:00 GMT 2017-05-12T12:08:00Z Asian stocks mostly lower as Trump uncertainty weighs HONG KONG (AP) — Asian stock markets were mostly lower Friday amid U.S. political uncertainties following President Donald Trump's dismissal of the FBI chief. Investors also were cautious ahead of a meeting of finance ministers from wealthy nations to discuss economic growth. But Chinese markets rose after news of a new trade deal with Washington. KEEPING... Fri, 12 May 2017 06:44:00 GMT 2017-05-12T06:44:00Z Macron's mission to revitalize French economy won't be easy LONDON (AP) — Macronomics — it's the new French president's proposed cure for a decade's worth of relative economic gloom. Emmanuel Macron's victory in Sunday's election puts him in place to pursue his economic agenda, from cutting taxes on companies and labor, to investing more in technology and promoting freer trade and integration in the European Union. ... Thu, 11 May 2017 13:39:00 GMT 2017-05-11T13:39:00Z 'Wages won't keep up:' UK central bank says inflation biting LONDON (AP) — The Bank of England says a rise in inflation driven by the market turmoil over Brexit is starting to hurt consumers, weakening growth and pushing the central bank to keep its interest rates at record lows. The bank on Thursday kept its main interest rate at 0.25 percent as it noted that the economy will be weaker than expected this year as B... Thu, 11 May 2017 12:35:00 GMT 2017-05-11T12:35:00Z EU hails growth but warns of uncertainty in UK over Brexit BRUSSELS (AP) — The European Union said Thursday that the bloc's economic recovery is continuing, with steady growth expected this year and next, though it warned of uncertainty in Britain due to its departure from the bloc. In its spring economic forecast, the European Commission said that economic growth among the countries using the euro currency would... Thu, 11 May 2017 09:10:00 GMT 2017-05-11T09:10:00Z French stocks soar after perceived Macron debate win LONDON (AP) — European stock markets enjoyed a bumper day on Thursday, particularly in France, after Emmanuel Macron, the centrist candidate in the country's presidential election was perceived to have gotten the better of the far-right's Marine Le Pen in a debate. The standout performer in Europe was the CAC 40 stock index in Paris, which closed up 1.4 p... Thu, 04 May 2017 15:50:00 GMT 2017-05-04T15:50:00Z Not the weak link now: Eurozone outpaces the US and UK in Q1 LONDON (AP) — The eurozone, for so long a laggard in the global economy, outpaced the United States in the first quarter of the year and is widely expected to pick up further steam in the months ahead. The single currency bloc of 19 European countries expanded by a solid, if unspectacular, quarterly rate of 0.5 percent in the first three months of the yea... Wed, 03 May 2017 15:11:00 GMT 2017-05-03T15:11:00Z Africa's inequality stifles growth, says report JOHANNESBURG (AP) — Africa is experiencing higher levels of poverty than previously thought because decades of economic growth have only benefited a small wealthy elite, says a report released by the British aid group Oxfam at the World Economic Forum Africa which started in South Africa's coastal city of Durban on Wednesday. Inequality is rife in Africa,... Wed, 03 May 2017 13:10:00 GMT 2017-05-03T13:10:00Z IMF happy with Moldova's reforms, releases $21.5 mln loan BUCHAREST, Romania (AP) — The International Monetary Fund will make available $21.5 million to Moldova, noting financial reforms and higher than expected economic growth in the former Soviet Republic. The IMF said in a statement late Monday that "growth has returned, and... authorities remain committed to sound economic management." The fund said the econ... Tue, 02 May 2017 09:31:00 GMT 2017-05-02T09:31:00Z Spain's economy keeps up positive run with Q1 growth MADRID (AP) — Spain's economy expanded by 0.8 percent in the first quarter, the National Institute of Statistics said Friday, keeping it as one of the fastest-growing in the European Union. It was Spain's 14th consecutive quarter of growth since it emerged from a grueling five-year financial crisis in late 2013. The institute said that ... Fri, 28 Apr 2017 12:14:00 GMT 2017-04-28T12:14:00Z UK economy slows as Brexit weighs on consumers LONDON (AP) — Britain's economy slowed in the first three months of the year as concerns about the U.K.'s exit from the European Union spurred inflation and forced consumers to rein in spending. The economy expanded 0.3 percent from the previous quarter, below the 0.4 percent that was expected and less half the 0.7 percent it grew at the end of 2016, the Office for National ... Fri, 28 Apr 2017 11:08:00 GMT 2017-04-28T11:08:00Z NATO chief acknowledges Italy for boosting defense spending MILAN (AP) — The head of NATO praised Italy Thursday for increasing its defense spending last year, an acknowledgement that came days after U.S. President Donald Trump said he had joked with Italy's prime minister about the need for Rome to "pay up." NATO Secretary General Jens Stoltenberg told a joint press conference with Premier Paolo Gentiloni that "I... Thu, 27 Apr 2017 17:20:00 GMT 2017-04-27T17:20:00Z Global finance officials argue benefits of free trade WASHINGTON (AP) — The world's major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind, and the new Trump administration is letting it be known that it intends to make sure that America's trade deals are fair for U.S. workers. German Finance Minister W... Fri, 21 Apr 2017 21:47:00 GMT 2017-04-21T21:47:00Z The Latest: G-20 endorses benefits of free trade WASHINGTON (AP) — The Latest on global finance meetings (all times local): 1:15 p.m. The world's major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind. The German finance minister says if more isn't done "we wil... Fri, 21 Apr 2017 17:54:00 GMT 2017-04-21T17:54:00Z Buoyant French economy ahead of election a boon to eurozone LONDON (AP) — A buoyant French economy ahead of the presidential election has helped push economic growth across the 19-country eurozone to a six-year high during April, a survey showed Friday. In a further signal that the region's economy has gathered pace at the start of the second quarter, financial information company IHS Markit said its purchasing managers' index — a br... Fri, 21 Apr 2017 09:32:00 GMT 2017-04-21T09:32:00Z How major US stock market indexes fared on Monday U.S. stocks bounced back from their recent losses Monday after the Chinese government said that country's economy grew at a slightly faster pace in the first quarter. Banks jumped as interest rates recovered. On Monday: The Standard & Poor's 500 index advanced 20.06 points, or 0.9 percent, to 2,349.01. The Dow Jones industrial average surged 183.67 points... Mon, 17 Apr 2017 20:30:00 GMT 2017-04-17T20:30:00Z Shares waver as US warns era of patience with NKorea is over TOKYO (AP) — Shares in Asia were mixed on Monday after U.S. Vice President Mike Pence, on a visit to South Korea, warned that U.S. patience with Pyongyang has run out. Many global markets were closed for Easter holidays. KEEPING SCORE: Markets were closed in France, Germany and Britain. U.S. shares were set to drift lower, with Dow futures slipping nearly... Mon, 17 Apr 2017 08:36:00 GMT 2017-04-17T08:36:00Z China's economy gains steam; 1Q growth fastest since 2015 HONG KONG (AP) — China's economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 percent annual pace of expansion for the world's second-largest economy, reported Monday, surpassed economists' forecasts and was an improvement from 6.8 percent growth in the last quarter of 2016. Mon, 17 Apr 2017 07:35:00 GMT 2017-04-17T07:35:00Z Asian shares mixed as Korean tensions persist TOKYO (AP) — Asian shares are mixed Monday as worries over tensions on the Korean Peninsula persist following a failed missile launch by North Korea over the weekend. Markets in Hong Kong and Australia were closed for Easter holidays. KEEPING SCORE: Tokyo's Nikkei 225 gained 0.1 percent to 18,355.26, and South Korea's Kospi added 0.5 percent to 2,144.75. ... Mon, 17 Apr 2017 06:20:00 GMT 2017-04-17T06:20:00Z World Bank: Philippine economy to grow close to 7% MANILA, Philippines (AP) — The World Bank says the Philippines will remain a top performer in East Asia, with its economy forecast to grow close to 7 percent in the next three years. A bank report released Tuesday said the economy is projected to grow 6.9 percent this year and next, and 6.8 percent in 2019, with government's implementation of planned infrastructure projects ... Tue, 11 Apr 2017 05:14:00 GMT 2017-04-11T05:14:00Z South Africans protest Zuma as country downgraded to junk JOHANNESBURG (AP) — Tens of thousands of South Africans demonstrated peacefully Friday in a national outpouring of anger at their scandal-tainted president, and a second agency lowered the country's credit rating to junk status a week after the firing of the respected finance minister. While concerns grew about the struggling economy and government corrup... Fri, 07 Apr 2017 14:53:00 GMT 2017-04-07T14:53:00Z Eurozone economy 'strongest' in nearly 6 years LONDON (AP) — The 19-country eurozone economy has just enjoyed its strongest quarter for nearly six years, a closely watched survey showed Wednesday. In its wrap-up of economic developments in March, financial information company IHS Markit said its composite purchasing managers' output index — a broad gauge of economic activity — rose to a 71-month high of 56.4 in March fro... Wed, 05 Apr 2017 08:59:00 GMT 2017-04-05T08:59:00Z Ratings agency Standard & Poor's drops South Africa to junk JOHANNESBURG (AP) — South Africa's rand tumbled on Monday afternoon after credit ratings agency Standard & Poor's downgraded the country's the credit grade to junk status, saying political and institutional uncertainty after a cabinet reshuffle by President Jacob Zuma last week had placed fiscal and growth outcomes at risk. The agency said the downgrade r... Mon, 03 Apr 2017 21:30:00 GMT 2017-04-03T21:30:00Z With growing economy, Spain presents cutback-free budget MADRID (AP) — With the economy growing nicely, Spain's government on Friday presented its first budget since the global financial crisis in 2008 that does not include major austerity cutbacks. The minority conservative government's plan for 2017 increases spending in health and education, two areas targeted for cutbacks in the crisis years. It also includes a 1 percent pay r... Fri, 31 Mar 2017 14:39:00 GMT 2017-03-31T14:39:00Z Asian markets mostly higher after Wall Street sinks BEIJING (AP) — Asian stock markets rose Tuesday after Wall Street sank on worries that the Trump administration might not do as much for businesses as once thought. KEEPING SCORE: Tokyo's Nikkei 225 gained 1 percent to 19,174.56 and Hong Kong's Hang Seng advanced 0.5 percent to 24,317.93. The Shanghai Composite Index declined 0.4 percent to 3,255.11 while Sydney's S&P-ASX 20... Tue, 28 Mar 2017 05:39:00 GMT 2017-03-28T05:39:00Z