1250 GMT March 08, 2021
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The US economy lost jobs last month for the first time since April as rising coronavirus cases took a toll.
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By Michael R. Strain
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Federal Reserve Chair Jerome Powell said the US economy is improving but has a long way to go before fully recovering from the coronavirus pandemic.
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The US economy is forecast to shrink by 6.6 percent in 2020 due to the shock of the coronavirus pandemic, but a resurgence in coronavirus infections and a systemic increase in poverty could worsen that outlook, the staff of the International Monetary Fund (IMF) warned.
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Roughly half the nation’s business economists say they think the US economy will slip into recession by the end of next year, and three-fourths envision such a downturn beginning by the end of 2021.
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The five-week partial US government shutdown, triggered by the battle over President Donald Trump's border wall, cost the US economy $11bn, according to the latest analysis by the non-partisan Congressional Budget Office (CBO).
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US economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on equipment.
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A mixed portrait of US economic health has emerged, with a rise in consumer spending but a dip in confidence.
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Donald Trump's economic policies risk plunging America into a period of 1970s-style stagflation with low growth and 'out of control' inflation, the former chairman of the US Federal Reserve has warned.
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Innovation and productivity are the two things that will improve the economy, businessman Warren Buffett told Politico in an article.
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The majority of Americans are strikingly pessimistic about the US economy and think the economy won’t improve, according to a new poll.
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The US economy eked out anemic growth in the final three months of 2015, and the struggling performance of the oil and gas sector was a major contributor to the slowdown.
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The US economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.
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The US economy added a mere 126,000 jobs in March 2015, compared with a monthly average of 281,000 over the previous six months.
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