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US economy fall

Iranpress: World Newspapers: Biden dials up pressure on debt

World Newspapers: Biden dials up pressure on debt

Thursday, 11 May 2023 22:05

“If we default on our debt, the whole world is in trouble,” US President Joe Biden said Wednesday at Westchester Community College in Valhalla, New York. Biden painted a stark picture of the fallout from an unprecedented default, which he said would hit Americans' pocketbooks and weaken the country's standing abroad.206

Iranpress: Podcast: Key US allies reduces role of dollar in trade

Podcast: Key US allies reduces role of dollar in trade

Thursday, 04 May 2023 11:58

The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies instead of the US dollar for bilateral transactions, such as current account transactions and direct investment. 206

Iranpress: World Newspapers: US economy slows as high rates bite

World Newspapers: US economy slows as high rates bite

Saturday, 29 April 2023 22:03

The US economy slowed in the first three months of the year, as businesses reduced investments in the face of higher borrowing costs. The economy grew 1.1% on an annualised basis, the Commerce Department said. 206

Iranpress: US chances to avoid recession next year dimming: S&P ratings

US chances to avoid recession next year dimming: S&P ratings

Tuesday, 29 November 2022 02:23

The chances the United States will be able to avoid a recession next year are dimming as rising commodity prices and rate hikes are expected to weaken spending in the country, Standard and Poor's Global Ratings said in a press release on Monday.

Iranpress: World Newspapers: US announces new plan to stop inflation

World Newspapers: US announces new plan to stop inflation

Thursday, 16 June 2022 21:15

The US Federal Reserve announced a large interest rate increase to rein in prices while trying to keep the economy from falling into a deep downturn. 206

Iranpress: US faces highest inflation in 13 years as prices surge 5%

US faces highest inflation in 13 years as prices surge 5%

Friday, 11 June 2021 05:20

The US economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year ago.

Iranpress: US weekly jobless claims rise amid winter storms

US weekly jobless claims rise amid winter storms

Friday, 05 March 2021 04:46

The number of Americans filing new claims for unemployment benefits rose last week, likely boosted by brutal winter storms in the densely populated South in mid-February, though the labor market outlook is reportedly improving.

Iranpress: US debt burden to rise to 202% of GDP in 2051, CBO projects

US debt burden to rise to 202% of GDP in 2051, CBO projects

Friday, 05 March 2021 03:14

The US federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional Budget Office said on Thursday.

Iranpress: US economy suffers by 3.5% decline in 2020

US economy suffers by 3.5% decline in 2020

Friday, 29 January 2021 02:54

The US economy shrank by 3.5% in 2020, the worst year for growth since 1946, as the coronavirus pandemic brought the country to a shuddering halt.

Iranpress: Trump signs Covid-19 relief package into law

Trump signs Covid-19 relief package into law

Monday, 28 December 2020 05:44

US President Donald Trump has signed into law a coronavirus relief and spending package bill, averting a partial government shutdown.

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