Economic outlook

FILE - This Tuesday, July 2, 2019 file photo shows Eagle Butte mine in in Gillette, Wyo., following the closure of the Blackjewel mines.The coal industry was already hurting before the coronavirus. The pandemic has made things a lot worse. Production is down along with electricity demand, with office and school lights off across the nation. (Josh Galemore/The Casper Star-Tribune via AP, File)
Associated Press
April 19, 2020 - 10:54 am
CHEYENNE, Wyo. (AP) — Travis Deti has been working the phones to try to get government support for the U.S. coal industry during the coronavirus pandemic. Between recent calls, the head of the Wyoming Mining Association tried to unclog a sink at home. But unlike Deti’s sink, which eventually...
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Medical workers cheer and acknowledge pedestrians and FDNY firefighters who gathered to applaud them at 7 p.m. outside Brooklyn Hospital Center, Tuesday, April 14, 2020, in New York. (AP Photo/John Minchillo)
Associated Press
April 14, 2020 - 9:56 pm
WASHINGTON (AP) — Governors around the U.S. began sketching out plans Tuesday to reopen their economies in a slow and methodical process to prevent the coronavirus from rebounding with tragic consequences, as President Donald Trump appeared to back off his claim of absolute authority to determine...
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FILE - In this March 17, 2020 file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. A record-high number of people applied for unemployment benefits last week as layoffs engulfed the United States in the face of a near-total economic shutdown caused by the coronavirus. The surge in weekly applications for benefits far exceeded the previous record set in 1982. (AP Photo/John Locher, File)
Associated Press
March 26, 2020 - 10:04 am
WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak...
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A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. (AP Photo/Lee Jin-man)
Associated Press
March 24, 2020 - 9:07 pm
NEW YORK (AP) — Shares opened sharply higher in Asia on Wednesday after the Dow Jones Industrial Average surged to its best day since 1933 with Congress and the White House nearing a deal on injecting nearly $2 trillion of aid into an economy ravaged by the coronavirus. Japan's Nikkei 225 index...
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President Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
March 17, 2020 - 12:35 pm
WASHINGTON (AP) — Ahead of an expected surge in coronavirus cases, President Donald Trump on Tuesday moved to blunt the impact of the pandemic on the U.S. economy, fundamentally altered by a push for a nation to stay home. As the global markets fluctuated amid fears of a recession, the president...
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A woman wearing a protective face mask talks on her phone at the Central Business District in Beijing, Monday, March 2, 2020. China's manufacturing plunged in February as anti-virus controls shut down much of the world's second-largest economy, but companies are confident activity will revive following government stimulus efforts, according to two surveys. (AP Photo/Andy Wong)
Associated Press
March 02, 2020 - 5:41 am
PARIS (AP) — A global agency says the spreading new virus could make the world economy shrink this quarter for the first time since the international financial crisis more than a decade ago. In a special report on the impact of the virus, the Organization for Economic Cooperation and Development...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
Associated Press
February 10, 2020 - 4:22 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Jan. 3, 2020. Asian stocks were mixed Friday and oil prices surged after an Iranian general was killed by U.S. forces in Iraq. (AP Photo/Ahn Young-joon)
Associated Press
January 03, 2020 - 6:45 am
BEIJING (AP) — Oil prices surged and most major global stock markets declined Friday after an Iranian general was killed by U.S. forces in Iraq. Stock indexes in London, Frankfurt and Paris fell, as did Hong Kong's earlier. Shanghai was little-changed and Japanese markets were closed. News that Gen...
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Chief Economist and Director of Research Department at the IMF, Gita Gopinath, speaks during a news conference at the World Bank/IMF Spring Meetings, in Washington, Tuesday, April 9, 2019. (AP Photo/Jose Luis Magana)
April 09, 2019 - 10:17 am
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in...
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FILE- In this Dec. 22, 2017, file photo people shop at the Pentagon City Mall in Arlington, Va. The National Retail Federation, the nation's largest retail trade group, says it expects sales in November and December to rise as shoppers continue to be in a spending mood in a stronger economy. (AP Photo/Susan Walsh, File)
October 03, 2018 - 12:07 pm
NEW YORK (AP) — The National Retail Federation, the nation's largest retail trade group, says it expects sales in November and December to rise between 4.3 percent and 4.8 percent to $717.45 billion to $720.89 billion as shoppers continue to be in a spending mood in a stronger economy. The sales...
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