Tag: Economic growth
Japan’s economy shrinks 5.1% as pandemic dries up spending
TOKYO — The Japanese economy contracted at an annual rate of 5.1% in January-March, slammed by a plunge in spending over the coronavirus pandemic,...
WH memo sees economic strength where critics see fragility
WASHINGTON — White House officials are seeking to quell anxiety about inflation and the pace of hiring — issuing a memo Tuesday that highlights...
UN raises global economic forecast to 5.4% growth in 2021
UNITED NATIONS — The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to...
EU economy to expand, bouncing back from pandemic crisis
BRUSSELS — The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast...
A look at how US corporations manage the tax system
WASHINGTON — As American corporations have generated an ever-smaller share of federal tax revenue, the burden has fallen more heavily on individuals, through the...
Asian lender forecasts strong rebound for region in 2021
NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic,...
German government raises 2021 economic growth forecast
BERLIN — Germany is raising its economic growth forecast for the year on the expectation of the gradual lifting of coronavirus restrictions and an...
Survey: Business economists more optimistic about US growth
WASHINGTON — The accelerated rollout of COVID-19 vaccines, along with the Biden administration's rescue aid policies, have brightened the outlook for the U.S. economy...
UK sees budget deficit rise to highest rate since 1946
LONDON — Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of...
Union Pacific profit down 9% but economy will grow in 2021
OMAHA, Neb. — Union Pacific's first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell, but it said the economy...
