Economic growth

A homeless man stands at a street corner in Johannesburg, Wednesday July 22, 2020. Official statistics show that South Africa's economy has sunk deeper into recession, with its gross domestic product for the second quarter of 2020 plummeting by 51%, largely as a result of COVID-19 and the country's strict lockdown. (AP Photo/Denis Farrell)
September 08, 2020 - 10:35 am
JOHANNESBURG (AP) — South Africa’s economy has sunk deeper into recession, with its gross domestic product for the second quarter of 2020 plummeting by 51%, largely as a result of COVID-19 and the country's strict lockdown, according to statistics released Tuesday. South Africa imposed one of the...
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People take elevators at a shopping building in Tokyo on Aug. 24, 2020. Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday, Sept. 8, 2020, Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. (AP Photo/Eugene Hoshiko)
September 07, 2020 - 10:27 pm
TOKYO (AP) — Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. The...
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In this photo released by Xinhua News Agency, Chinese President Xi Jinping addresses the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services (CIFTIS) via video in Beijing, China on Friday, Sept. 4, 2020. Chinese President Xi Jinping said China will further open to the outside world at the opening ceremony of a massive trade fair in Beijing, the first this large scale trade event integrating online and offline exchanges since the coronavirus outbreak. (Li Tao/Xinhua via AP)
September 04, 2020 - 11:19 pm
BEIJING (AP) — President Xi Jinping pledged to open China’s service industries wider to foreign competitors as its first in-person trade fair since the coronavirus outbreak opened under intensive anti-disease controls. Xi gave no details in his speech Friday night, but Chinese leaders are...
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FILE - In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday, Sept. 2. (AP Photo/J. Scott Applewhite, File)
September 03, 2020 - 12:12 am
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means...
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A shopkeeper and his staff wait for customers at a garment store in Mumbai, India, Monday, Aug. 31, 2020. India’s economy contracted by 23.9% in the April-June quarter, its worst performance in at least 24 years, the government announced Monday, as the coronavirus pandemic ravaged what was once the world's fastest growing major economy. (AP Photo/Rajanish Kakade)
August 31, 2020 - 11:38 am
NEW DELHI (AP) — India’s economy contracted by 23.9% in the April-June quarter, its worst performance in at least 24 years, the government announced Monday, as the coronavirus pandemic ravaged what was once the world's fastest growing major economy. The contraction followed tepid 3.1% growth in the...
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German Chancellor Angela Merkel takes her mask off as she arrives with French President Emmanuel Macron for a press conference at the Fort de Bregancon, southern France, Thursday, Aug. 20, 2020. The leaders of Germany and France are meeting Thursday at a Mediterranean retreat for talks on how to resuscitate Europe's economy without causing a new virus crisis, and on a growing number of global hot spots. (Christophe Simon/Pool Photo via AP)
August 25, 2020 - 5:31 am
BERLIN (AP) — The German economy, Europe's biggest, shrank slightly less in the second quarter than originally estimated, the official statistics agency said Tuesday — though the 9.7% drop was still easily the worst on record. The Federal Statistical Office revised the quarter-on-quarter...
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FILE - People walk by the New York Stock Exchange, left, Tuesday, July 21, 2020. Stocks are drifting again on Wall Street Friday, Aug. 21, following a mixed set of data on the economy, as a record-breaking but wishy-washy week of trading closes out. (AP Photo/Mark Lennihan)
August 21, 2020 - 4:07 pm
NEW YORK (AP) — More gains for tech stocks propped up an otherwise wobbly Wall Street on Friday, as a record-breaking but wishy-washy week of trading came to a close. The S&P 500 rose 0.3%, even though most stocks in the index were weaker after a couple reports on the U.S. economy showed more...
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German Chancellor Angela Merkel, left, and French President Emmanuel Macron arrives for a press conference at the Fort de Bregancon, southern France, Thursday, Aug. 20, 2020. The leaders of Germany and France are meeting Thursday at a Mediterranean retreat for talks on how to resuscitate Europe's economy without causing a new virus crisis, and on a growing number of global hot spots. (Christophe Simon/Pool Photo via AP)
August 21, 2020 - 9:52 am
LONDON (AP) — The European economy's rebound from the coronavirus recession appears to have slowed in August as a resurgence in new confirmed contagions across the region makes businesses, shoppers and travelers more cautious. An indicator of business activity published Friday by research firm IHS...
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A worker mops the floor of a retail store at a shopping center in Tokyo on Monday, Aug. 17, 2020. Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. (AP Photo/Hiro Komae)
August 17, 2020 - 12:53 am
TOKYO (AP) — Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally adjusted real gross...
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President Donald Trump speaks at a news conference in the James Brady Press Briefing Room at the White House, Thursday, Aug. 13, 2020, in Washington. (AP Photo/Andrew Harnik)
August 13, 2020 - 8:42 pm
WASHINGTON (AP) — President Donald Trump’s push to cut Social Security payroll taxes for the rest of the year — and even arguing for a permanent cut — would do little to bolster the coronavirus-battered economy in the short term and could destabilize long-term funding for benefits that millions of...
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