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IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
WASHINGTON (AP) — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump’s promises to slash U.S. taxes, impose tariffs on foreign goods, ease regulations on businesses and deport millions of immigrants working illegally in the United States.
Germany's government slashes its economic growth forecast for this year to 0.3%
BERLIN (AP) — The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% for two consecutive years.
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Next week: General Motors earnings, Fed policy meeting and the government's first Q4 GDP estimate
A look at some of the key business events and economic indicators upcoming next week.
Trump’s inheriting a solid economy, making it harder to lower borrowing costs or inflation
WASHINGTON (AP) — President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.
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Germany's economy shrank for the second consecutive year in 2024
BERLIN (AP) — The German economy, Europe's biggest, shrank for the second consecutive year in 2024, according to preliminary official figures released Wednesday weeks before in which the economy is the top issue.
Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment
BANGKOK (AP) — Shares fell Friday in Asia after U.S. markets were to observe a for former
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Here are some of China's New Year resolutions to boost its economy
BANGKOK (AP) — China’s leaders are bracing for shocks to the economy from threatened by U.S. President-elect Donald Trump once he takes office.
How the stock market defied expectations again this year, by the numbers
NEW YORK (AP) — What a wonderful year 2024 has been for investors.
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Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
WEST PALM BEACH, Fla. (AP) — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
WASHINGTON (AP) — The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.
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Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.
China signals it's prepared to double down on support for the economy as Trump tariffs loom
BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year, to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending.
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European Central Bank likely to cut rates while weighing US trade concerns and France's chaos
FRANKFURT, Germany (AP) — With U.S. President-elect Donald Trump and , the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much.
Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says
BANGKOK (AP) — Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected government headed by Aung San Suu Kyi.
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Europe's economy needs help. Political chaos in France and Germany means it may be slower in coming
BRUSSELS (AP) — Even before the French and German governments collapsed, Europe’s economy had enough difficulties. Tepid growth and lagging competitiveness versus the U.S. and China. An auto industry that's struggling. Where to find billions for defense against Russia? And now threatening tariffs.
US hiring likely rebounded last month after storms and strikes curtailed October job growth
WASHINGTON (AP) — Hiring in the United States likely rebounded last month from a dismal October, when hurricanes and strikes reduced job growth to its lowest level in nearly four years.
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The ruble's in a slump. For the Kremlin, that's a two-edged sword
Russia's ruble is sagging against other currencies, complicating the Kremlin's efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the with the other.
South Korea's central bank cuts a key rate to nurse a slower economy
SEOUL, South Korea (AP) — South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it initially anticipated.
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Wall Street eyes M&A revival if new Trump administration ushers in lower rates, looser scrutiny
NEW YORK (AP) — Wall Street is betting corporate dealmaking could bounce back next year if the new Trump administration ushers in lower interest rates and looser regulatory scrutiny.
The rising price of paying the national debt is a risk for Trump's promises on growth and inflation
WASHINGTON (AP) — has big plans for the economy — and a that will be a hurdle to delivering on them.
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UK economic growth slows down sharply in the third quarter
LONDON (AP) — U.K. economic growth slowed down sharply in the third quarter of the year, official figures showed Friday. The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the and below market expectations for 0.2%.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next.
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The Singles' Day shopping festival loses its shine under China's lagging economy
HONG KONG (AP) — Merchants and consumers alike found the Singles' Day shopping festival Monday less shiny than in years past as e-commerce firms look abroad for growth.
Stock market today: Asian shares gain after US Fed cuts interest rates
HONG KONG (AP) — Asian shares advanced Friday after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy.
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Stock market today: Wall Street rallies on Election Day as economy remains solid
Asian shares were mostly higher on Wednesday after stocks on Wall Street rallied as Americans cast votes in a pivotal national election.
Final jobs report before election will likely offer a blurred view of labor market
WASHINGTON (AP) — Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be that left many workers temporarily off payrolls.
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