The world economy faces a long, hard slog toward recovery and could slide into deflation and financial instability if leaders fail to deliver on promises of reform, top policy markers said on Friday.
At a conference in Calgary, White House special adviser Paul Volcker warned it would likely take years for the American economy to [...]
Posts Tagged ‘recessions’
Carney, Volcker see long haul to recovery
November 20th, 2010 by Financial Writer
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more...U.S. Growth Is Revised Downward, to 2.7%
June 27th, 2010 by Financial Writer
The government lowered its estimate of how much the economy grew in the first quarter of 2010, noting that consumers spent less than it previously thought.
The country’s gross domestic product rose by an annual rate of 2.7 percent for January through March, the Commerce Department said on Friday. That was less than the 3 percent [...]
Tags: businesses, commerce department, debt crisis, economists, economy grew, european economy, financial system, recessions, us consumer
Companies boost productivity and put off hiring
February 4th, 2010 by Financial Writer
Employers are managing to boost production without creating new jobs. The question is when they’ll feel the need to ramp up hiring.
Squeezing more output from their existing staffs allowed companies to boost productivity in the October-December quarter. And last week, the number of people filing new claims for jobless aid rose. The two Labor Department [...]
Tags: Dow Jones Industrial, productivity, recessions, unemployment, us economist
Dollar mostly lower as Fed official says ‘2012′
November 18th, 2009 by Financial Writer
The dollar mostly declined Wednesday, with the euro bumping up near $1.50 as a Federal Reserve official said in a speech that interest rates could possibly not rise until 2012 from their current record low near zero — if the Fed acts as it has before.
Lower interest rates can drive down the value of a [...]
Tags: business leaders, economic, fed, Federal Reserve, recessions, the dollar