Tag: Economic growth
As US companies scramble to hire, workers enjoy upper hand
WASHINGTON — With the economy growing rapidly as it reopens from the pandemic, many employers are becoming desperate to hire. Yet the evidence suggests...
CBO projects federal deficit will hit $3 trillion this year
The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five...
World Bank raises China growth outlook to 8.5%
BEIJING — The World Bank raised its forecast of China’s economic growth this year to 8.5% from 8.1% and said Tuesday a full recovery...
Infrastructure spending promises boost for construction cos.
Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid...
Can pandemic recovery plan end Italy’s years of stagnation?
MILAN — The COVID-19 pandemic hit Italy especially hard, killing more than 127,000 people and sending the European Union's third-largest economy into a devastating...
Republicans point to inflation in bid to retake Congress
WASHINGTON — Gas prices have whizzed past $3 per gallon in much of the nation. The cost of used cars and new furniture, airline...
Latinas left workforce at highest rate, see slow recovery
PHOENIX — Teresa Marez spent 14 years building a strong clientele base as a hair stylist in San Antonio. When her son, who is...
UK economy edges to pre-pandemic levels as lockdown eased
LONDON — The easing of lockdown restrictions in April helped the British economy grow at its fastest rate since July 2020 and recoup further...
Biden rebuffs GOP infrastructure offer, citing broader goals
WASHINGTON — President Joe Biden has dismissed a fresh Republican infrastructure proposal that offered modestly more spending but fell short of “his objectives to...
US economy: Plenty of growth, not enough workers or supplies
WASHINGTON — The U.S. economy is sparking confusion and whiplash almost as fast as it’s adding jobs.
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