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Economic Growth

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LONDON (AP) — The easing of lockdown restrictions in April helped the British economy grow at its fastest rate since July 2020 and recoup further ground lost during the coronavirus pandemic, official figures showed Friday.

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WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens.

MILAN (AP) — The head of Italy’s central bank said Monday the eurozone’s third-largest economy could grow 4% this year, after shedding 9% during the pandemic year of 2020.

WASHINGTON (AP) — President Joe Biden is proposing a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling totally out of control.

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WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 6.4% in the first three months of this year, unchanged from the government's initial estimate. The recovery from last year's deep recession gained steam at the beginning of this year, helped by vaccines to combat the virus and trillions of dollars in government assistance.

BERLIN (AP) — Germany's economy contracted more than expected in the first quarter amid coronavirus lockdown measures, according to statistics released Tuesday, but a leading indicator showed that businesses' optimism is rising as the pace of vaccinations increases.

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WASHINGTON (AP) — White House officials are seeking to quell anxiety about inflation and the pace of hiring — issuing a memo Tuesday that highlights robust economic gains as the United States gets vaccinated and recovers from the coronavirus pandemic.

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  • 3 min to read

President Donald Trump's speech to the World Economic Forum in Davos, Switzerland, overstated U.S. economic performance on several fronts. A look at several of his claims and how they compare with the facts:

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The tax overhaul of 2017 amounts to a high-stakes gamble by Republicans: That slashing taxes for corporations and wealthy individuals will accelerate growth and assure greater prosperity for Americans for years to come. The risks are considerable. A wide range of economists and nonpartisan analysts have warned that the bill will likely escalate federal debt, intensify pressure to cut spending on social programs and further widen America's troubling income inequality.

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