Us Economy Shrinks

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  US Economy Shrinks By 0.3%, Trump Says "Nothing To Do With Tariffs"

  US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.

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  Amid Worries Of Recession, US Economy Shrinks

  The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the US economy contracted again in the second quarter.

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  Is US Headed For Recession? President Joe Biden's Reply

  President Joe Biden said Monday he does not expect the United States suffer an economic downturn, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter.

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  Covid Pandemic Will Push China GDP Growth Far Beyond US, IMF Data Shows

  The fund now forecasts world gross domestic product to shrink 4.4 per cent this year, an improvement from the 4.9 per cent drop seen in June, according to the latest World Economic Outlook released this week.

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  Sensex Ends Over 700 Points Lower Amid Weak Global Cues On Downbeat Fed

  Equity markets across the globe slumped after the US Federal Reserve indicated that the US economy will shrink 6.5 per cent in 2020.

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  "I Won't Survive": Iranians Reel From Sanctions

  Anticipation of the return of the oil embargo -- due to kick in on Monday -- has already plunged the country into recession and will see the economy shrink by 3.6 percent next year, says the International Monetary Fund.

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  China, Eurozone, US Manufacturing Suggests Global Economy Still Fragile

  The global economy finished last year on a fragile footing, with factory activity in China shrinking for the 10th month running in December, while Eurozone manufacturing picked up but US activity slowed.

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  US Economy Contracts in First-Quarter; Dollar Hurts Corporate Profits

  The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 per cent growth pace it estimated last month.

• US Job Growth Jumps, but Shrinking Labour Force a Blemish

  The brightening outlook was, however, tempered somewhat by a sharp increase in the number of people dropping out of the labor force, which pushed the unemployment rate to a 5-1/2-year low of 6.3 per cent. Wage growth also was stagnant.

• Republicans unveil ten-year plan to shrink US deficit

  A 10-year, $4.6 trillion balanced budget proposal unveiled by Republicans on Tuesday could either be shelved within weeks or help jump-start negotiations with President Barack Obama toward a major deficit-reduction deal.

• US trade gap shrinks to $38.5 billion, lowest in 2 years

  The US trade deficit narrowed sharply in December because oil imports plummeted and total exports rose. The smaller trade gap means the economy likely performed better in the final three months of last year than first estimated last week.

• Q4 GDP: US economy shrinks 0.1 per cent, first contraction since 2009

  The U.S. economy unexpectedly contracted in the fourth quarter, suffering its first decline since the 2007-09 recession as businesses scaled back on restocking and government spending plunged.

• US manufacturing shrinks in November to 3-year low

  U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs.

• US manufacturing shrinks for first time in 3 years

  U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.

• US trade deficit shrinks for fourth straight month

  The U.S. trade deficit narrowed in October to its lowest point of the year after Americans bought fewer foreign cars and imported less oil.