The International Monetary Fund says that global financial stability has improved over the last several months with the easing of the European debt crisis, but not so much as to ensure long-term economic growth. An IMF senior official, Jose Vinals, said Wednesday in Washington that a new financial bailout for Greece and a European rescue […]
IMF: Financial Stability Improved, but Not Assured Long-term
Posted April 18th, 2012 at 12:40 pm (UTC-5)
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World Bank: Africa Poised for Faster Growth
Posted April 18th, 2012 at 11:30 am (UTC-5)
A new World Bank report says sub-Saharan Africa is poised for faster economic growth after a strong performance last year. In a report published Wednesday, the World Bank says the region’s economy grew at a 4.9 percent annual rate in 2011, making it one of the world’s fastest-growing developing regions. It says growth has been […]
IMF: Financial Stability Improved, but Not Assured Long-term
Posted April 18th, 2012 at 10:00 am (UTC-5)
The International Monetary Fund says that global financial stability has improved over the last several months with the easing of the European debt crisis, but not so much as to ensure long-term economic growth. An IMF senior official, Jose Vinals, said Wednesday in Washington that a new financial bailout for Greece and a European rescue […]
IMF: Growth Resuming, Dangers Remain
Posted April 17th, 2012 at 12:50 pm (UTC-5)
(Updates headline, fixes typo in graf 2, new info grafs 5 & 6) The International Monetary Fund is a little more optimistic about global economic growth as European nations have taken action to cope with their debt crisis, and the U.S. economy grew a little faster. Speaking about the IMF’s “World Economic Outlook” on Tuesday, […]
IMF: Global Economic Growth 3.5% This Year
Posted April 17th, 2012 at 9:40 am (UTC-5)
The International Monetary Fund is a little more optimistic about global economic growth as European nations have taken action to cope with their debt crisis, and the U.S. economy grew a little faster. Speaking about IMF’s “World Economic Outlook” on Tuesday, research director Oliver Blanchard said the global economy has been on a “roller coaster” […]
US Consumer Spending Advanced in March
Posted April 16th, 2012 at 3:00 pm (UTC-5)
U.S. retail spending increased at a solid pace in March, an indication that consumer confidence is growing even as gasoline prices remain high. Consumer spending drives about 70 percent of the U.S. economy, the world’s largest. The government said Monday that retail sales advanced eight-tenths of one percent last month, faster than economists had projected, […]
Spain Sees 2nd Recession Since 2009
Posted April 16th, 2012 at 10:20 am (UTC-5)
Spain says its economy has likely slipped back into its second recession since 2009, raising new fears that it eventually might need an international bailout. Official statistics will not be available until a later date, but Spain’s economic minister, Luis de Guindos, told the El Mundo newspaper that the country’s economy likely shrank in the […]
US Inflation Eases
Posted April 13th, 2012 at 9:35 am (UTC-5)
Inflation eased slightly in the U.S. economy in March. Friday’s report from the Labor Department says overall prices rose three-tenths of a percent in March, a bit less than the previous month. Outside the volatile areas of food and energy, prices in the overall economy advanced just two-tenths of one percent. Low inflation makes it […]
China’s Growth Slowest Since 2009
Posted April 12th, 2012 at 11:20 pm (UTC-5)
China said Friday its economy slowed to its lowest rate in nearly three years. The National Bureau of Statistics said the gross domestic product grew by 8.1 percent year-on-year in the first quarter, compared with 8.9 percent year-on-year expansion in the last quarter of 2011. It was the lowest quarterly growth rate since the second […]
US Unemployment Claims Rise
Posted April 12th, 2012 at 9:45 am (UTC-5)
The number of people signing up for unemployment assistance rose by 13,000 in the United States last week. Thursday’s report from the Labor Department says a total of 380,000 newly-laid off people asked for compensation for the first time, pushing the number of jobless claims to its highest level in two months. Analysts interviewed by […]
