Economic Outlook

State Department spokeswoman Jen Psaki stands in on a meeting in Washington, Friday, Feb. 27, 2015. President-elect Joe Biden will have an all-female communications team at his White House, led by campaign communications director Kate Bedingfield. Jen Psaki will be his press secretary. (AP Photo/Pablo Martinez Monsivais)
November 29, 2020 - 10:13 pm
WILMINGTON, Del. (AP) — President-elect Joe Biden will have an all-female senior communications team at his White House, reflecting his stated desire to build out a diverse White House team as well as what’s expected to be a return to a more traditional press operation. Biden campaign...
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A shopper in a face mask looks over cuts of beef piled up in a cold room for purchase at a Costco warehouse store Tuesday, May 5, 2020, in west Denver. The U.S. economy rebounded at an even-stronger pace in the July-September quarter than first reported but a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some analysts even raising the specter of a double-dip recession. (AP Photo/David Zalubowski)
November 25, 2020 - 9:51 am
WASHINGTON (AP) — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%. But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some economists even raising the specter of a double-dip...
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Christmas lights are lit up on New Bond Street in Mayfair, London, Tuesday, Nov. 24, 2020. Haircuts, shopping trips and visits to the pub will be back on the agenda for millions of people when a four-week lockdown in England comes to an end next week, British Prime Minister Boris Johnson said Monday. (AP Photo/Alberto Pezzali)
November 25, 2020 - 7:46 am
LONDON (AP) — The British government has ditched its long-standing target for overseas aid in order to finance other spending priorities in the year ahead as the pandemic caused the deepest recession in more than three centuries. In a statement to lawmakers on Wednesday, Treasury chief Rishi Sunak...
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The Parthenon temple is illuminated atop of the Acropolis hill as a ferry approaches the port of Piraeus as another one departs in Athens, Monday, Oct. 26, 2020. (AP Photo/Thanassis Stavrakis)
November 20, 2020 - 10:20 am
Greece has downgraded its forecasts for the economy this year to include the impact of a second lockdown, and says the national debt is now expected to exceed 200% of annual output. The Finance Ministry on Friday said that it expects the economy to contract by 10.5% in 2020 and rebound by a modest...
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People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Nov. 17, 2020. Asian shares rose Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused. (AP Photo/Vincent Yu)
November 16, 2020 - 9:27 pm
TOKYO (AP) — Asian shares rose Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused. Moderna said its COVID-19 vaccine appears to be 94.5% effective, according to preliminary data. It’s...
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Lanterns above an alleyway in the old town of Fulda provide a colourful ambience, despite the prevailing emptiness in the streets due to the partial lockdown in Fulda, Germany, Tuesday, Nov. 10, 2020. (Frank Rumpenhorst/dpa via AP)
November 11, 2020 - 8:16 am
BERLIN (AP) — The German government's panel of independent economic advisers is predicting that the country's economy, Europe's biggest, will shrink by 5.1% this year — a somewhat more optimistic forecast than one made recently by ministers. In a report released Wednesday, the five-member German...
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In this photo provided by the New York Stock Exchange, a trader works at the New York Stock Exchange on Tuesday, Nov. 10, 2020. The big rally for markets worldwide is slowing on Tuesday, but optimism remains high that the global economy may still be on track for a return to normal. (Colin Ziemer/New York Stock Exchange via AP)
November 10, 2020 - 3:16 pm
NEW YORK (AP) — A worldwide stock market rally slowed down on Tuesday even as optimism remains high that the global economy may be on track for a return to normal. It’s the second straight day that rising hopes for a coronavirus vaccine have investors reordering which stocks they see winning and...
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Traffic and people pass over Westminster Bridge with a fog shrouded Houses of Parliament and the Elizabeth Tower, known as Big Ben, hidden behind, on the first day of Britain's second lockdown designed to save its health care system from being overwhelmed by people with coronavirus, in London, Thursday, Nov. 5, 2020. Britain joined large swathes of Europe in a coronavirus lockdown designed to save its health care system from being overwhelmed. Pubs, along with restaurants, hairdressers and shops selling non-essential items closed on Thursday until at least Dec. 2. (AP Photo/Matt Dunham)
November 05, 2020 - 7:11 am
LONDON (AP) — The British government and the Bank of England joined forces Thursday to provide further support to an economy that is set for a difficult winter following the imposition of new coronavirus lockdown measures. Hours after the central bank increased its monetary stimulus by a bigger...
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Two women wait in line at a bakery in Antwerp, Belgium, Wednesday, Nov. 4, 2020. Belgium, proportionally still the worst-hit nation in Europe when it comes to coronavirus cases, said Wednesday there increasing signs of that a turning point in the crisis was drawing close. The announcement came in the wake of increased measures over the past weeks with bar and restaurant closures capped by a partial lockdown starting last Monday, which further restricted close contacts and closing non-essential shops. (AP Photo/Virginia Mayo)
November 05, 2020 - 4:29 am
BRUSSELS (AP) — The European Union's executive commission on Thursday lowered its growth forecast for the economic rebound from the coronavirus pandemic next year and said the economy wouldn’t reach pre-virus levels until 2023. The regular autumn forecast foresees the economy of the 19 countries...
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FILE - In this Monday, Sept. 21, 2020, file photo, a giant American Flag hangs on the New York Stock Exchange. U.S. stocks are climbing Monday, Nov. 2, 2020, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week. (AP Photo/Mary Altaffer, File)
November 02, 2020 - 3:46 pm
Stocks notched broad gains on Wall Street Monday as investors looked ahead to Election Day and the potential for a turbulent stretch for markets. The S&P 500 climbed 1.2%, recouping some of its losses from a sharp sell-off last week, as more companies reported stronger profits for the summer...
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