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Added on the 09/01/2015 22:58:27 - Copyright : Reuters EN
"We have a very solid and strong growth now everywhere in Europe", says France's Economy Minister Bruno Le Maire at a press conference in Paris with his German counterpart Christian Lindner. He adds the "key challenge" for both countries is to "to keep that same level of growth" over 2022 and beyond. SOUNDBITE
Singapore, May 25 (EFE/EPA).- Singapore on Tuesday raised the expansion of the country's gross domestic product (GDP) in the first quarter of the year to 1.3 percent, confirming the exit of the city-state's economy from recession.Preliminary data published in April had put the expansion of GDP in the first quarter of the year at 0.2 percent.The growth was driven by the manufacturing sector, which expanded by 10.7 percent year-on-year between January and March, Singapore's Ministry of Trade and Industry said in a statement. (Camera: ARCHIVE). ARCHIVE FOOTAGE OF SHOPPERS INSIDE A SHOPPING MALL IN SINGAPORE AND B-ROLL OF THE CITY.
As if the end of the year weren't hard enough, the December jobs report from the Bureau of Labor Statistics said 140,000 jobs were lost last month. According to Business Insider, the data shows all of those lost jobs were held by women. Among the newly-unemployed, Black and Latina women working in retail and education sectors were hit the hardest. The US posted a surprise decline in payrolls in December and all of the 140,000 jobs lost were held by women. As the COVID-19 pandemic continues to spread, the US economic recovery has been mostly stagnant. Small businesses nationwide have been hit particularly hard. Many are being forced to lay off staff or close altogether to curb the pandemic's spread.
US central bankers are slightly more optimistic about economic growth prospects over the next two years and see an improving employment picture, says Chair of the Federal Reserve, Jerome Powell. Speaking at a news conference, Powell says median forecasts show the unemployment rate falling to 5.0 percent next year and 4.2 percent the following year, a slight improvement over the last quarterly estimate. SOUNDBITE
Donald Trump spent a lot of time in Florida talking about something he knows about and that is the economy. He says our real unemployment rate is sky high and that every other country is ripping us off. He talks about as much as 5 Trillion dollars kept by companies overseas and how to repatriate that money. This subject is probably where he should spend more of his time. How do you think the economy is going?
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