Economic growth

Delegates applaud as Chinese President Xi Jinping arrives for the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Friday, May 22, 2020. (AP Photo/Ng Han Guan, Pool)
May 21, 2020 - 10:57 pm
BEIJING (AP) — China’s top economic official on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but steered clear of launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang, in a speech to legislators, said...
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In this Wednesday, May 20, 2020, photo, Chinese paramilitary police stand guard near Tiananmen Square and the Great Hall of the People in Beijing. This year's version of China's biggest political meeting of the year will be unlike any other. Delayed from March because of the then-spiraling coronavirus outbreak, the decision to go ahead with the gathering signals a partial return to normalcy in the country where the pandemic first broke out. "Partial" being the operative word: The congress will be far from normal. (AP Photo/Mark Schiefelbein)
May 20, 2020 - 5:36 pm
BEIJING (AP) — When China convenes its National People's Congress on Friday, will the 3,000 delegates stand shoulder to shoulder as they have in years past? Will they wear masks? This year's version of China's biggest annual political meeting will be unlike any other. Delayed from March because of...
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FILE - In this March 18, 2020, file photo, people are reflected on the electronic board of a securities firm in Tokyo. Japan's economic growth plunged into recession in the first quarter as the coronavirus pandemic squelched production, exports and spending, and fears are growing worse times may lie ahead, according to a report on Monday, May 18, 2020. (AP Photo/Koji Sasahara, File)
May 18, 2020 - 2:50 pm
WASHINGTON (AP) — The world economy likely faces a long slog back from the coronavirus crisis. Two reports out Monday predict that global growth will struggle to bounce back from the lockdowns, travel restrictions and business closures meant to contain the pandemic. IHS Markit said that it expects...
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Dermatologist Dr. Seemal Desai poses for a photo in an examination room in his office in Plano, Texas, Thursday, May 7, 2020. Desai uses the privacy of an examination room and a tablet computer to virtually visit with some of his patients. (AP Photo/Tony Gutierrez)
May 18, 2020 - 6:45 am
The global coronavirus pandemic has created a huge need for health care in the U.S., but it also is delivering a devastating financial blow to that sector. COVID-19 worries have kept patients away from doctors' offices and forced the postponement and cancellation of non-urgent surgeries. The...
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FILE - In this March 1, 2020, file photo, a department store employee with a mask dresses a mannequin in Tokyo. Japan's economic growth plunged into recession in the first quarter as the coronavirus pandemic squelched production, exports and spending, and fears are growing worse times may lie ahead, according to a report on Monday, May 18, 2020. (AP Photo/Jae C. Hong, File)
May 17, 2020 - 8:23 pm
TOKYO (AP) — Japan's economic growth plunged into recession in the first quarter as the coronavirus pandemic squelched production, exports and spending, and fears are growing that worse times may lie ahead. The Cabinet Office reported Monday a 3.4% drop in the annual pace of seasonally adjusted...
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FILE - This Aug. 11, 2019 file photo shows credit cards in New Orleans. U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday, May 7, 2020. (AP Photo/Jenny Kane, file)
May 12, 2020 - 11:32 am
WASHINGTON (AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices. And excluding the normally volatile categories of food and energy...
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FILE - In this Monday, April 6, 2020 file photo, chairs and tables are piled in front of a bar in St. Mark's Square, in Venice during a lockdown to prevent the spread of the coronavirus. The coronavirus outbreak is straining social safety nets across the globe - and underlining sharp differences in approach between wealthy societies such as the United States and Europe. In Europe, the collapse in business activity is triggering wage support programs that are keeping millions on the job, for now. (AP Photo/Andrew Medichini, File)
May 10, 2020 - 2:18 am
The coronavirus pandemic is straining social safety nets across the globe — and underlining sharp differences in approach between wealthy societies such as the United States and Europe. In Europe, the collapse in business activity is triggering wage support programs that are keeping millions on the...
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A man wear a face mark as he fishes near docked oil drilling platforms, Friday, May 8, 2020, in Port Aransas, Texas. Texas' stay-at-home orders due to the COVID-19 pandemic have expired and Texas Gov. Greg Abbott has eased restrictions on many businesses, churches, state parks and beaches. (AP Photo/Eric Gay)
May 08, 2020 - 7:54 pm
As coronavirus-induced economic pain grew around the world, some U.S. states moved forward Friday with plans to reopen their economies, while European countries held muted commemorations to mark the 75th anniversary of the end of World War II on the continent. Around the U.K., residents were...
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Mohammad Ikram closes a large door to his business Hot Stop, fully stocked but closed during the coronavirus pandemic, on the boardwalk in Atlantic City, N.J., Tuesday, April 28, 2020. (AP Photo/Matt Rourke)
Associated Press
April 29, 2020 - 10:30 am
WASHINGTON (AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the...
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A station passageway is crowded with commuters wearing face mask during a rush hour in Tokyo Monday, April 27, 2020. Japan's Prime Minister Shinzo Abe expanded a state of emergency to all of Japan from just Tokyo and other urban areas as the virus continues to spread. (AP Photo/Eugene Hoshiko)
April 26, 2020 - 9:03 pm
TOKYO (AP) — Japan’s central bank is making it easier for cash-strapped companies to get funding in response to the growing economic devastation from the coronavirus pandemic. The Bank of Japan decided at a meeting Monday to ease monetary policy, including expanding the purchase of commercial...
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