Economic growth

A shopper passes a display window with mask covered mannequins at a dress store, Thursday, July 30, 2020, in McAllen, Texas. (AP Photo/Eric Gay)
July 30, 2020 - 4:37 pm
WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating. The economy's...
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FILE - In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year. (AP Photo/Lynne Sladky)
July 29, 2020 - 1:32 pm
WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year. A huge plunge in consumer spending as people stayed home and avoided...
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FILE - In this April 13, 2020, file photo, a worker assembles gearboxes at the Kofon factory in Huanggang in central China's Hubei province. China’s economy rebounded from a painful contraction to grow by 3.2% over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened. (AP Photo/Ng Han Guan, File)
July 16, 2020 - 12:41 am
BEIJING (AP) — China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened. Growth reported Thursday for the three months...
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FILE - In this April 13, 2020, file photo, a worker assembles gearboxes at the Kofon factory in Huanggang in central China's Hubei province. China’s economy rebounded from a painful contraction to grow by 3.2% over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened. (AP Photo/Ng Han Guan, File)
July 15, 2020 - 10:40 pm
BEIJING (AP) — China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened. Growth reported Thursday for the three months...
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Democratic presidential candidate, former Vice President Joe Biden speaks during a campaign event, Tuesday, July 14, 2020, in Wilmington, Del. (AP Photo/Patrick Semansky)
July 14, 2020 - 7:51 pm
WILMINGTON, Del. (AP) — Joe Biden released a $2 trillion plan on Tuesday to boost investment in clean energy and stop all climate-damaging emissions from U.S. power plants by 2035, arguing that dramatic action is needed to tackle climate change and revive the economy. In remarks near his home in...
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FILE - In this Thursday, May 7, 2020 file photo, a construction worker passes a sign thanking the NHS in London, as the country in is lockdown to prevent the spread of coronavirus. The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country’s deepest recessions in centuries will be rapid. The Office for National Statistics said Tuesday, July 14, 2020, that the economy grew by 1.8% in May from the previous month after some easing of the lockdown, such as encouraging those in construction or manufacturing to return to work. (AP Photo/Kirsty Wigglesworth, File)
July 14, 2020 - 4:20 am
LONDON (AP) — The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country's deepest recessions in centuries will be rapid. The Office for National Statistics said Tuesday that the economy grew by 1.8% in May from the...
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Kayakers race in front of the Burj Khalifa, the world's tallest building, off the coast of Dubai, United Arab Emirates, Friday, June 19, 2020. Dubai has begun allowing organized sports competitions to take place after locking down over the coronavirus pandemic and the COVID-19 illness it causes. Competitions held Friday at the Dubai Offshore Sailing Club were among the first events to be held. (AP Photo/Jon Gambrell)
July 05, 2020 - 6:59 am
DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced a wide-ranging government shakeup on Sunday aimed at creating a more flexible and modern bureaucracy to tackle challenges as the coronavirus and lower oil prices erode what was already sluggish economic growth. The UAE prime...
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Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies before a Senate Health, Education, Labor and Pensions Committee hearing on Capitol Hill in Washington, Tuesday, June 30, 2020. (Kevin Dietsch/Pool via AP)
June 30, 2020 - 2:39 pm
WASHINGTON — Dr. Anthony Fauci said coronavirus cases could grow to 100,000 a day in the U.S. if Americans don’t start following public health recommendations. The nation’s leading infectious disease expert made the remark at a Senate hearing on reopening schools and workplaces. Asked to forecast...
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U.S. Secretary of Defense Mark Esper, left, and NATO Secretary General Jens Stoltenberg participate in a joint press conference at NATO headquarters in Brussels, Friday, June 26, 2020. U.S. Secretary of Defense Mark Esper is at NATO to follow-up on a broad range of issues raised during last week's NATO defense ministerial. (AP Photo/Virginia Mayo, Pool)
June 26, 2020 - 10:59 am
BRUSSELS (AP) — U.S. Defense Secretary Mark Esper on Friday sought to reassure allies at NATO that Washington will consult them on any future troop movements, after President Donald Trump surprised partners at the military alliance by announcing the withdrawal of thousands of personnel from Germany...
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An empty parking lot is seen at a temporarily closed Kohl's department store, Wednesday, April 29, 2020, in Havertown, Pa. Devastated by the coronavirus, the U.S. economy is sinking. 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 year. (AP Photo/Matt Slocum)
June 25, 2020 - 12:04 pm
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter and a vastly worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the U.S. The Commerce Department reported Thursday that the decline in the gross domestic...
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