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WASHINGTON — President Trump is using the prepandemic economy to make a case for his re-election, highlighting time and again that unemployment rates fell to record low levels for Black and Hispanic workers in 2019, and that wages were climbing steadily under his watch.
He is also seeking to convince
Together, these data points have been enough to create an outlook that, while not exactly rosy, is at least no longer pallid. At the same time, the improvements are hardly so significant that they would prompt the Federal Reserve to pull back its support for the economy. The Fed has
European shares moved modestly higher on Wednesday, perhaps inspired by Wall Street’s record-setting performance on Tuesday when the S&P 500 hit a
TOKYO — Japan’s economy shrank by 7.8 percent in the second quarter of the year, posting its worst performance on record as the coronavirus pandemic ground economic activity to a near halt in April and May.
The nosedive in output in the three-month period — an annualized drop of 27.8
The coronavirus pandemic’s toll on the nation’s economy became emphatically clearer Thursday as the government detailed the most devastating three-month collapse on record, which wiped away nearly five years of growth.
Gross domestic product, the broadest measure of goods and services produced, fell 9.5 percent in the second quarter of
