Economic outlook
A sign displays the price of a 65-inch television lined up with countless other televisions in a Costco warehouse on Thursday, June 17, 2021, in Loen Tree, Colo. The Commerce Department said Thursday, June 24 that growth in the gross domestic product, the country’s total output of goods and services, was unchanged from two previous estimates.(AP Photo/David Zalubowski)
US economy grows 6.4% in Q1, and it's likely just the start

By Martin Crutsinger Jun. 24, 2021 09:58 AM EDT

FILE - In this Wednesday, March 11, 2020 file photo, pedestrians wearing face masks pass the Bank of England in London. The Bank of England has kept its main interest rate at the record low of 0.1%. In a statement Thursday, June 24, 2021 accompanying its decision, the bank’s rate-setting Monetary Policy Committee voted unanimously to keep borrowing rates unchanged. (AP Photo/Matt Dunham, File)
Bank of England warns of rising inflation, but rates held

By Pan Pylas Jun. 24, 2021 07:26 AM EDT

Washington state revenues continue to rise above projections

By Rachel La Corte Jun. 23, 2021 03:04 PM EDT
OLYMPIA, Wash. (AP) — An increase in sales tax revenue that came as people bought more durable goods during the COVID-19 pandemic led to another positive...

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve signaled Wednesday, June 16, 2021, that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. The Fed's policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023. They had previously estimated that no rate hike would occur before 2024. (AP Photo/Susan Walsh, Pool, File)
Fed sees earlier time frame for rate hikes with inflation up

By Christopher Rugaber Jun. 16, 2021 02:07 PM EDT

A woman wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 and New York Dow indexes at a securities firm Wednesday, June 16, 2021, in Tokyo. Asian shares were mixed in quiet trading Wednesday ahead of a U.S. Federal Reserve meeting that may give clues on what lies ahead with its massive support for markets. (AP Photo/Eugene Hoshiko)
Asian shares mixed in quiet trading ahead of US Fed decision

By Yuri Kageyama Jun. 15, 2021 01:06 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve reports that the U.S. economy grew at a somewhat faster pace from early April to late May despite adverse effects from supply chain disruptions. The Fed’s latest survey of economic conditions around the nation released Wednesday, June 2 2021, said that several Fed districts reported positive effects on the economy from increased vaccination rates and relaxed social distancing measures. (AP Photo/Susan Walsh, Pool, File)
Delicate task for Fed: When to pull back on low-rate support

By Christopher Rugaber Jun. 14, 2021 01:18 PM EDT

FILE - In this Oct.5,2020 file photo red warning lights shine on the building of the European Central Bank in Frankfurt, Germany. The European Central Bank is expected to leave its stimulus efforts running full steam Thursday _ even as the economy in the 19 countries that use the euro currency shows more and more signs of a robust recovery as pandemic restrictions ease. (AP Photo/Michael Probst,file)
Europe's stimulus likely to keep running as economies reopen

By David Mchugh Jun. 09, 2021 06:34 AM EDT

FILE - This April 5, 2021 file photo shows the World Bank building in Washington. The World Bank is upgrading the outlook for global growth this year, predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades. In its latest Global Economic Prospects report, out Tuesday, June 8, the 189-country anti-poverty agency forecasts that the world economy will grow 5.6% this year, up from the 4.1% it forecast in January. (AP Photo/Andrew Harnik, File)
World Bank sees 5.6% global growth in 2021, best since 1973

By Paul Wiseman Jun. 08, 2021 09:33 AM EDT

A man wearing a protective mask rides a bicycle in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, June 9, 2021, in Tokyo. Asian shares were mixed on Wednesday after China reported a big jump in factory gate prices at a time when inflation is a top investor concern. (AP Photo/Eugene Hoshiko)
Asian shares mixed as China reports jump in inflation

By Elaine Kurtenbach Jun. 08, 2021 02:33 AM EDT

Ana Carolina Silva, who lost her job during the COVID-19 pandemic, sits with her daughter Cataleia outside her home in the Paraisopolis favela of Sao Paulo, Brazil, Monday, May 24, 2021. (AP Photo/Andre Penner)
Brazil's economy grows more than expected in first quarter

By David Biller Jun. 01, 2021 10:42 AM EDT

File - In this Wednesday, Nov. 11, 2020 file photo, people walk by an electronic stock board of a securities firm in Tokyo. The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations. That could lead to new virus variants and more stop-and-go lockdowns, the Organization for Economic Cooperation and Development, OECD said in its latest forecast. (AP Photo/Koji Sasahara, File)
Forecast: Global economy rebounding, faces multiple threats

By David Mchugh May. 31, 2021 04:32 AM EDT

FILE - In this Feb. 8, 2021 file photo, Mexican President Andres Manuel Lopez Obrador gives his daily morning press conference following a two-week absence after he tested positive for the new coronavirus, at the National Palace in Mexico City. The Mexican leader has refused to mandate mask wearing or a declare any lockdown. And his obsessive drive to slash government spending may have contributed to the safety downgrade, which apparently involved insufficient staffing and oversight at airports. Lopez Obrador lashed out on both fronts Thursday, May 27, 2021, criticizing other governments rather than recognize any Mexican shortcomings. (AP Photo/Marco Ugarte, File)
Despite setbacks, Mexican president goes on offensive

May. 27, 2021 01:09 PM EDT

A member of the wait staff delivers food to outdoor diners along the sidewalk at the Mediterranean Deli restaurant in Chapel Hill, N.C., Friday, April 16, 2021. The U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession. (AP Photo/Gerry Broome)
First quarter GDP unchanged at robust 6.4% annual rate

By Martin Crutsinger May. 27, 2021 08:39 AM EDT

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, May 27, 2021. Asian shares fell Thursday, as investors watched for signs of inflation and awaited U.S. economic data expected later in the day. (AP Photo/Lee Jin-man)
Asian shares slip with eyes on inflation, US economy

By Yuri Kageyama May. 26, 2021 01:47 AM EDT

The Olympic TV tower is silhouetted as the sun sets in Munich, Germany, Monday, May 24, 2021. (AP Photo/Matthias Schrader
German GDP slumps but optimism up as vaccinations increase

By David Rising May. 25, 2021 06:14 AM EDT

A man and a woman wearing protective masks stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, May 26, 2021, in Tokyo. Asian stock markets rose Wednesday as inflation fears eased and investors looked ahead to U.S. data that are expected to show economic growth accelerating. (AP Photo/Eugene Hoshiko)
Asian shares advance as investors await US growth data

By Joe Mcdonald May. 25, 2021 02:43 AM EDT

Survey: Business economists foresee best growth in 37 years

By Martin Crutsinger May. 24, 2021 12:01 AM EDT
WASHINGTON (AP) — The nation's business economists have grown much more optimistic about the U.S. economy this year, with a majority predicting that increased...

Michigan tax revenues are $3.5B higher than past estimate

By David Eggert May. 21, 2021 11:59 AM EDT
LANSING, Mich. (AP) — Michigan's main funds will take in an estimated $3.5 billion more in taxes than previously forecast thanks to increased consumer spending...

New Zealand Finance Minister Grant Robertson, front right, walks with Prime Minister Jacinda Ardern, left, to deliver his budget to parliament in Wellington, New Zealand, Thursday, May 20, 2021. New Zealand plans to rebuild its Antarctic base and spend billions more on welfare payments as part of a spending program aimed at lifting the economy out of a coronavirus slump. (Mark Mitchell/NZ Herald via AP)
New Zealand spending plan includes rebuilding Antarctic base

By Nick Perry May. 19, 2021 11:25 PM EDT

President Joe Biden speaks with William "Bill" Ford, Jr., Executive Chairman, Ford Motor Company, left, as he tours the Ford Rouge EV Center, Tuesday, May 18, 2021, in Dearborn, Mich. (AP Photo/Evan Vucci)
AP FACT CHECK: Hyperbole from Biden, GOP on state of economy

By Christopher Rugaber, Hope Yen And Calvin Woodward May. 18, 2021 03:52 PM EDT