WASHINGTON (AP) — The Federal Reserve signaled Wednesday that a full economic recovery could take nearly three more years, and it went further than ever to assure consumers and businesses that they will be able to borrow cheaply well into the future. Read the rest of this entry »
‘Full US recovery could take 3 more years’
January 27, 2012
Slowdown to cool inflation; global threats grow
July 18, 2011
SINGAPORE — Asia’s major economies are set for a modest slowdown in coming months, while next year’s growth prospects hinge on how quickly inflation cools at home and demand recovers abroad, a Reuters poll showed.
Economists have trimmed their 2011 and 2012 growth forecasts for China, India, and a handful of the other economies in the region since the last quarterly poll of Asian countries excluding Japan, conducted three months ago. Read the rest of this entry »
U.N. warns austerity plans damage economic recovery
June 22, 2011
(Reuters) – Austerity measures being adopted by many industrialized world governments in the wake of the 2008-09 financial crisis are undermining economic recovery, a United Nations report said on Wednesday. Read the rest of this entry »
China’s Hu warns of fragile global recovery
June 19, 2011
ST PETERSBURG, Russia (Reuters) – The world economic recovery remains “slow and fragile” with the outlook uncertain, but China will promote its own rapid and stable growth, Chinese President Hu Jintao said on Friday. Read the rest of this entry »
US jobless rate falls to 2-year low in March
April 4, 2011
WASHINGTON (AP) – The nation’s unemployment rate dropped to its lowest level in two years in March, and the outlook is brightening as major companies plan to add more jobs. Read the rest of this entry »
Global recession weakens women power
April 3, 2011
Number of women holding top posts down, study says
MANILA, Philippines-The recent global economic recession that felled financial giants across the globe has also affected the proportion of women holding key positions in senior management. Read the rest of this entry »
PwC: Asia Pacific CEOs have confidence level return to nearly pre-crisis numbers
March 12, 2011
Asia Pacific CEOs confidence spread across all countries within the region according to PwC’s 14th Annual Global CEO Survey. CEOs in India (88%), China (72%) and ASEAN (60%) were standouts about near term growth. However, Japan was the least confident (25%). Globally, chief executives in Western Europe were not as optimistic as their Asian counterparts, with only 39% expressing confidence. Read the rest of this entry »
The right kind of recovery
February 15, 2011
Growth is recovering across the globe from the Great Recession.
The IMF’s latest World Economic Outlook projects global growth of 4-1/2% this year (available at http://www.imf.org/external/pubs/ft/weo/2011/update/01/index.htm). However, as pointed out in a recent speech by IMF Managing Director Strauss-Kahn, while the recovery is underway, it is not the recovery we wanted (see http://www.imf.org/external/np/speeches/2011/020111.htm for the entire speech). Read the rest of this entry »
IMF ignored crisis warnings
February 11, 2011
The IMF ignored warnings about the financial crisis from its own top economist and acted like cheerleader for the US economy rather than monitoring it, according to a scathing watchdog report published Wednesday. Read the rest of this entry »
Global risk and reward in 2011
January 18, 2011
NEW YORK — The outlook for the global economy in 2011 is, partly, for a persistence of the trends established in 2010. These are: an anemic, below-trend, U-shaped recovery in advanced economies, as firms and households continue to repair their balance sheets; a stronger, V-shaped recovery in emerging-market countries, owing to stronger macroeconomic, financial, and policy fundamentals. That adds up to close to 4% annual growth for the global economy, with advanced economies growing at around 2% and emerging-market countries growing at about 6%. Read the rest of this entry »
