Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending.
The increase in gross domestic product compared with a median forecast of 2.6 percent of economists surveyed by Bloomberg News and follows an upwardly revised 3.7 percent [...]
Posts Tagged ‘global recovery’
U.S. Economy Grew 2.4% in Second Quarter, Below Forecast
July 30th, 2010 by Financial Writer
Tags: business, business investment, commerce department, consumer spending, economists, global recovery, investment, us manufactured
more...Europe presents main threat to global recovery, IMF says
July 8th, 2010 by Financial Writer
Europe’s weakened economy is now the central threat to global recovery, as its countries struggle with heavy debt, banks face a reckoning over their lack of capital and growth is slowing, the International Monetary Fund said Wednesday in its first assessment of the world economy since a crisis over government borrowing in Greece.
While the agency [...]
Tags: bank of england, economic growth, european central bank, european economy, financial crisis, global financial markets, global recovery, IMF, interest rates, world economic
G20 to endorse EU crisis strategy
May 29th, 2010 by Financial Writer
Finance chiefs of the world’s leading economies, meeting next week, are likely to deliver a strong endorsement of Europe’s efforts to resolve its debt crisis but announce no fresh policies to help it do so.
After several months in which Washington, Beijing and other governments pressed Europe to act more decisively in tackling the crisis, global [...]
Tags: debt crisis, european economy, european union, Federal Reserve, financial, financial markets, g20, Global Economy, global recovery, IMF, us treasury
Producer Costs in U.S. Unexpectedly Dropped in April
May 18th, 2010 by Financial Writer
Wholesale prices in the U.S. unexpectedly dropped in April, the second decrease in three months, signaling the global recovery from the worst recession in the post-World War II era has yet to stoke inflation.
The 0.1 percent decline in prices paid to factories, farmers and other producers followed a 0.7 percent increase in March, the Labor [...]
Tags: Debt, Dow Jones Industrial, economy, Federal Reserve, financial, financial crisis, financial markets, Global Economy, global recovery, interest rates
U.S. Treasury: economy to keep growing in 2010
February 14th, 2010 by Financial Writer
The United States economy is expected to continue growing this year, although global recovery remains fragile, Deputy U.S. Treasury Secretary Neal Wolin said on Sunday.
Growth of the world’s biggest economy is expected to cool this year after a burst of activity late last year as challenges remain in bank lending and policy-making.
“We expect to see [...]
Tags: bank lending, banking committee, financial reform, global recovery, us economy
Economic reports raise hopes for global recovery
December 12th, 2009 by Financial Writer
Just in time for Christmas, the fragile economic recovery is showing signs of strengthening: Consumers are spending, companies are rebuilding stockpiles and Chinese exports are mounting a comeback.
Data released Friday eased some worries about Americans’ willingness to spend this holiday season. But stores remain worried that they may have to offer deeper discounts than planned, [...]
Tags: economic reports, economy struggling, global recovery, increase economists, unemployment
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