Tag Archives: economy

We need Unions for All. It's a bold agenda for helping everyone get ahead in our economy.

We need Unions for All. It's a bold agenda for helping everyone get ahead in our economy.We need serious plans to empower all workers to form unions, no matter what job they do. 'Unions for All' is our litmus test for 2020 candidates.



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Trump dismisses worries of recession, says economy is strong

Trump dismisses worries of recession, says economy is strongPresident Donald Trump dismissed concerns of recession on Sunday and offered an optimistic outlook for the economy after last week’s steep drop in the financial markets. “I don’t think we’re having a recession,” Trump told reporters as he returned to Washington from his New Jersey golf club. A strong economy is key to Trump’s re-election prospects.



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North Korea's economy tanks as sanctions, drought bite: South Korea

North Korea's economy tanks as sanctions, drought bite: South KoreaNorth Korea’s economy shrank in 2018 for a second straight year, and by the most in 21 years, as it was battered by international sanctions aimed at stopping its nuclear programme and by drought, South Korea’s central bank said on Friday. North Korea’s gross domestic product (GDP) contracted by 4.1% last year in real terms, the worst since 1997 and the second consecutive year of decline after a 3.5% fall in 2017, the South’s Bank of Korea estimated. North Korea does not disclose any statistics on its economy.



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Donald Trump vowed to raise pressure on Iran and cripple its economy. Did it backfire?

Donald Trump vowed to raise pressure on Iran and cripple its economy. Did it backfire?Critics of Donald Trump’s Iran strategy say it has created the current crisis but the administration says Tehran will be forced to negotiate.



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Economy Grows 3.2 Percent During First Quarter, Outpacing Expectations

Economy Grows 3.2 Percent During First Quarter, Outpacing ExpectationsThe economy grew 3.2 percent during the first quarter of this year, beating analysts' and investors' expectations, according to data released Friday by the Bureau of Economic Analysis (BEA).Economists had expected a first-quarter showing of 2.5 percent GDP growth, only slightly higher than the 2.2 percent growth in the last quarter of 2018. Instead, GDP grew 3.2 percent, marking the economy's best first-quarter performance since 2015.The BEA attributed the favorable growth rate to exports as well as better state- and local-government spending. Disposable personal income increased by 3 percent in the first quarter, while prices rose 0.8 percent. Imports sank by 3.7 percent and exports increased by the same amount. At the same time, some potential warning signs also appeared in the report, including a 50 percent drop in the business-investment rate despite 2017's tax cuts.The growth rate also defied expectations that the economy would suffer more seriously from the record-breaking 35-day partial government shutdown earlier this year, as well as fears that global growth was sputtering. President Trump's tariffs on China had particularly worried investors, with even the White House saying that American companies may see their earnings projections take a hit because of them.“It’s not going to be just Apple,” top White House economist Kevin Hassett said in January. “I think that there are a heck of a lot of U.S. companies that have a lot of sales in China that are basically going to be watching their earnings be downgraded next year until we get a deal with China.”



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Hong Kong economy stalls amid trade dispute: finance chief

Hong Kong economy stalls amid trade dispute: finance chiefHong Kong’s economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local business, the city’s financial chief said Sunday. Beijing and Washington have already imposed duties on more than $ 360 billion in two-way trade, roiling global financial markets and weighing heavily on manufacturing output in both countries. “The impact of China-US trade frictions on Hong Kong’s exports has clearly emerged at the end of last year,” said finance secretary Paul Chan.



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Thai Election Talk Turns to Economy After Princess Shock

Thai Election Talk Turns to Economy After Princess ShockKittiratt Na Ranong, a former finance minister and deputy leader of Pheu Thai — one of several parties backed by Thaksin along with Thai Raksa Chart — said his colleagues are “going forward in full gear” ahead of the March 24 vote. “People across Thailand have been feeling the effect of a bad economy,” he added. Thaksin’s camp is seeking to rally poorer voters who have helped his allies win every election in Thailand since 2001, drawn by policies such as cheap health care and crop price support.



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Pelosi turns nose up at Ocasio-Cortez’s ‘Green dream or whatever’ carbon-neutral economy plan

Pelosi turns nose up at Ocasio-Cortez’s ‘Green dream or whatever’ carbon-neutral economy planNancy Pelosi appeared to poke fun at Alexandria Ocasio-Cortez’s ambitious proposal to create a carbon neutral economy within ten years, referring to the plan as “the green dream or whatever they call it”. The New York congresswoman and senator Ed Markey of Massachusetts, unveiled a proposal termed the Green New Deal, they say will tackle climate change, transform the economy, and create large numbers of jobs in renewable energy. “Even the solutions that we have considered big and bold are nowhere near the scale of the actual problem that climate change presents to us,” Ms Ocasio-Cortez told NPR, ahead of the plan’s unveiling.



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Oil sanctions. Deadly violence. Dire economy. How the Venezuelan crisis could affect US

Oil sanctions. Deadly violence. Dire economy. How the Venezuelan crisis could affect USThe Trump administration’s push to oust Venezuela’s President Nicholas Maduro has wide-ranging implications.



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Economy likely to pick up, though pain may linger for some

Economy likely to pick up, though pain may linger for someBALTIMORE (AP) — The U.S. economy will likely resume its steady growth now that the government has reopened, though economists say some scars — for the nation and for federal workers — will take time to heal.



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