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Economy

What it would mean for the global economy if the US defaults on its debt

WASHINGTON ((DailyNews)) — If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly...

Lebanon leans on US dollar to cope as currency, economy tank

BEIRUT ((DailyNews)) — When Moheidein Bazazo opened his Beirut mini-market in 1986, during some of the fiercest fighting in Lebanon’s civil war, he didn’t...

China sets this year’s economic growth target at ‘around 5%’

BEIJING ((DailyNews)) — China’s government announced plans to promote a consumer-led revival of the struggling economy as its legislature opened a session Sunday that...

US economy sending mixed signals: Here’s what it all means

WASHINGTON ((DailyNews)) — Maybe it was just too good to be true.For a few weeks in late January and early February, the U.S. economy...

Stocks steady themselves after Wall Street’s rout last week

NEW YORK ((DailyNews)) — Stocks steadied themselves Monday following Wall Street’s worst week since early December.The S&P 500 rose 12.20 points, or 0.3% to...

Survey: Business economists push back US recession forecasts

WASHINGTON ((DailyNews)) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast,...

Fleeing Nicaraguans a boon to economy back home

MEXICO CITY ((DailyNews)) — Each month, Antón Martínez, 38, sets aside $200 from his wages as a dishwasher in the United States to send...

US revises down last quarter’s economic growth to 2.7% rate

WASHINGTON ((DailyNews)) — The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and...

China’s global influence worries U.S. majority: AP-NORC poll

WASHINGTON ((DailyNews)) — Just 40% of U.S. adults approve of how President Joe Biden is handling relations with China, a new poll shows, with...

G-20 finance chiefs to tackle global economic threats

BENGALURU, India ((DailyNews)) — Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru...

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