U.S. Economic Growth Slows to 4% in Q4
After the worst year for the economy since at least the end of World War II, economists are still hopeful of a faster recovery in the second half of 2021.
U.S. Trade Gap Hits 14-Year High of $68.1B
Retailers pushed imports of consumer goods to a record as they stocked up for the Christmas holiday season..
World Bank Lowers 2021 Growth Forecast to 4%
There is a “material risk” that setbacks in containing the pandemic could result in a much weaker recovery, the bank warns.
Japan’s Economy Surges 22.9% in Third Quarter
Some economists fear Japan's recovery from the coronavirus pandemic is threatened by rising infections, with a contraction possible early next year.
U.S. Consumer Spending Growth Slows to 0.5%
Amid the surge in coronavirus infections, “We are increasingly worried that the monthly gains in consumption will be weaker."
Retail Sales Growth Slows to 0.3% in October
“It looks like consumer spending is increasingly turning into a headwind for this recovery from the worst economic downturn since the Great Depression."
Bank of England Boosts Bond-Buying Program
The bank will purchase another 150 billion pounds in bonds to shore up the U.K. economy as the country enters a second lockdown.
U.S. GDP Surges by Record 33.1% in Q3
Economists are sticking to estimates of only 4% growth in the fourth quarter and a prolonged recovery from the coronavirus recession.
OECD Revises Growth Forecast Upward for 2020
The group is now predicting a 4.5% contraction for this year, citing the swift recovery in output since coronavirus containment measures were eased.
Japan’s GDP Falls by Record 27.8% in Q2
Japan’s economy entered a recession even before the coronavirus pandemic and could be facing a long road to recovery.
U.S. Economy Shrinks by Record 32.9% in Q2
“It’s a very deep and dark hole and we’re coming out of it, but it’ going to take a long time to get out.”