The Asian Development Bank says economic growth in the Pacific region will decline slightly in 2012. The Manila-based lender says the region’s growth will slip by one percentage point from last year’s 7.0 percent rate, due to slower growth in resource-exporting economies. The report covers 14 mainly Pacific island countries, including Papua New Guinea and […]
ADB Forecasts Mild Economic Slowdown for Pacific
Posted March 13th, 2012 at 12:55 am (UTC-5)
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Global Airlines Revise Profit Forecast Upward
Posted September 20th, 2011 at 7:05 am (UTC-5)
A global aviation group has dramatically increased its estimate for worldwide airline profits this year, citing an increase in passenger demand. The International Air Transport Association said Tuesday it expects airlines to earn $6.9 billion in 2011, compared to an earlier estimate of just $4 billion. However it forecast earnings to fall back to $4.9 […]
OECD: Economic Slowdown Likely to Continue
Posted September 8th, 2011 at 9:40 am (UTC-5)
The Organization for Economic Cooperation and Development says the economic recovery is close to stalling in the major industrialized nations. Experts from the OECD published the economic assessment Thursday in Paris, and also said growth remains strong in most emerging economies, but at a more moderate pace. The 34-member organization includes the United States, Japan, […]
OECD: Economic Slowdown Likely to Continue
Posted September 8th, 2011 at 5:16 am (UTC-5)
The Organization for Economic Cooperation and Development says the global economic recovery has come close to a halt and is likely to stagnate for the rest of the year. The 34-member organization, which includes the United States, Japan, Germany and other top world economies, unveiled an interim economic assessment Thursday in Paris. The organization’s Chief […]
