Economic Outlook

European Central Bank President Christine Lagarde talks to German Finance Minister Olaf Scholz during a meeting of European Union Finance Ministers in Eurogroup format at the Justus Lipsius building in Brussels, Monday, Feb. 17, 2020. (AP Photo/Francisco Seco)
March 11, 2020 - 12:00 am
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy. Expectations...
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March 08, 2020 - 10:28 pm
TOKYO (AP) — Japan's economy contracted at a dismal 7.1% annual rate during the October-December period, worse than the initial estimate, raising fears the world's third largest economy could be headed to a recession. The contraction was the first for Japan in more than a year and followed an Oct...
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FILE - In this Thursday, March 5, 2020 file photo, a woman wearing a face mask stands in a subway train in Milan, Italy. The focal point of the coronavirus emergency in Europe, Italy, is also the region's weakest economy and is taking an almighty hit as foreigners stop visiting its cultural treasures or buying its prized artisanal products, from fashion to food to design. Europe’s third-largest economy has long been among the slowest growing in the region and is the one that is tallying the largest number of virus infections outside Asia. (AP Photo/Antonio Calanni, File)
March 07, 2020 - 6:07 am
MILAN (AP) — The focal point of the coronavirus emergency in Europe, Italy, is also the region's weakest economy and is taking an almighty hit as foreigners stop visiting its cultural treasures or buying its prized artisanal products, from fashion to food to design. Europe’s third-largest economy...
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A trader studies his screens as he prepares for the day's activities on the floor of the New York Stock Exchange, Friday, March 6, 2020. (AP Photo/Richard Drew)
March 06, 2020 - 3:57 pm
NEW YORK (AP) — A dizzying, brutal week of trading dropped one last round of harrowing swings on investors Friday. After skidding sharply through the day as fear pounded markets, steep drops for stocks and bond yields suddenly eased up in the last hour of trading amid hints from Federal Reserve...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Friday, March 6, 2020. Asian shares are falling as fears about the virus outbreak once again dominate financial markets. (AP Photo/Kin Cheung)
March 06, 2020 - 6:30 am
TOKYO (AP) — World stocks and the price of oil dropped sharply again Friday as pessimism prevailed over hopes for central bank action to counter the economic disruption from the virus outbreak. Rumors that Chinese officials might be overstating the extent to which local businesses are getting back...
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March 03, 2020 - 2:18 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, citing worsening economic conditions from the virus outbreak in a growing number of countries. The Bank Negara Malaysia said it expects economic growth to be...
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A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
March 02, 2020 - 6:55 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
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A woman wearing a protective face mask talks on her phone at the Central Business District in Beijing, Monday, March 2, 2020. China's manufacturing plunged in February as anti-virus controls shut down much of the world's second-largest economy, but companies are confident activity will revive following government stimulus efforts, according to two surveys. (AP Photo/Andy Wong)
March 02, 2020 - 5:41 am
PARIS (AP) — A global agency says the spreading new virus could make the world economy shrink this quarter for the first time since the international financial crisis more than a decade ago. In a special report on the impact of the virus, the Organization for Economic Cooperation and Development...
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Workers wearing protective gears spray disinfectant as a precaution against the new coronavirus at a subway station in Seoul, South Korea, Friday, Feb. 28, 2020. Japan's schools prepared to close for almost a month and entertainers, topped by K-pop superstars BTS, canceled events as a virus epidemic extended its spread through Asia into Europe and on Friday, into sub-Saharan Africa. (AP Photo/Ahn Young-joon)
February 28, 2020 - 8:33 pm
NEW YORK (AP) — The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and dragged already slumping financial markets even lower. More employers told their workers to...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)
February 28, 2020 - 5:18 pm
Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average...
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