Economy

EU economy to rally in second-quarter as vaccine roll-out accelerates: EU executive – Reuters Canada

EU economy to rally in second-quarter as vaccine roll-out accelerates: EU executive – Reuters Canada

BRUSSELS (Reuters) – Europe’s economy is likely to rally in the second quarter as an acceleration in COVID-19 vaccine roll-out allows governments to gradually lift lockdown restrictions, the European Commission’s vice president for the economy Valdis Dombrovskis said Monday.FILE PHOTO: European Commission Vice President Valdis Dombrovskis attends a news conference on the coronavirus disease (COVID-19)…

U.S. Economy Grew at 1.9%Rate in Third Quarter

U.S. Economy Grew at 1.9%Rate in Third Quarter

WASHINGTON– The speed of U.S. financial development slowed a little during the 3rd quarter as business investment decreased, although strong customer spending and an enhancement in the housing sector kept economic growth on track. Gross domestic product-the value of all products and services produced in the U.S.– increased at a yearly rate of 1.9%from July …

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