Archive for the ‘Economy News’ Category

Global slump in economy a boon for India, only if it doesn’t get worse: Report
Together with China, India will stand out as an island of growth in an otherwise bleak global economy, helping it attract more capital flows.
Read more on The Economic Times

Why The Economy Feels So Bad
The media, both TV and print, spend an inordinate amount of time explaining why the economy feels so bad. They interview hundreds of economists, strategists and government officials and trot out dozens of convoluted graphs and charts in a seemingly endless effort to come up an answer.
Read more on Business Insider

Week Ahead: Markets Will Be Hyperfocused on Economy After Dreadful Jobs Report
Second-quarter earnings season kicks off next week and the market will be looking for signs from corporate America about the state of the economy. Plus the Fed, debt talks, consumer sentiment and more.
Read more on CNBC

Dems pile on Romney for economy backtrack
Democrats on Friday went after GOP presidential candidate Mitt Romney for backtracking on his argument that President Obama has made the economy worse. “Mitt Romney was Read more…
Read more on The Hill

Federal Reserve presidents – their views on the US economy
The Federal Reserve has admitted that the US economy is growing more slowly than it had hoped, as the central bank confirmed that its second round of quantitative easing will end this month. Here is what the Federal Reserve presidents said about the US economy.
Read more on Daily Telegraph

Daines: ‘Economy won’t start growing until the government stops growing’
BUTTE — Republican congressional candidate Steve Daines called Friday night for stopping growth in the federal government and halting tax increases.
Read more on Helena Independent Record

Obama and the economy targeted at GOP debate
GOP 2012 hopefuls target Obama’s handling of economy in 2nd Republican debate   Bachmann announces 2012 run
Read more on CBS News

A stagnant economy tests Egypt’s revolt
EGYPT’S economy, whose inequities and lack of opportunities helped topple a government, has now ground to a virtual halt, further wounded by the revolution itself.
Read more on New Straits Times

Hungary economy minister gets back at European Commission
National Economy Ministry György Matolcsy took issue with the European Commission’s reference to a “back-loaded” fiscal consolidation strategy presented by the Hungarian government in a letter addressed to Commissioner for Economic and Financial Affairs Olli Rehn dated June 9, 2011 and published on the ministry’s website.
Read more on Budapest Business Journal

MI economy grew 2.9 pct in 2010
New government data show Michigan’s economy grew at a rate of 2.9 percent during 2010, faster than the national average of 2.6 percent.
Read more on WOOD TV 8 Grand Rapids

Economy shrinks most in 20 years
Australia’s economy shrank 1.2% in the first quarter following devastating floods in Queensland.
Read more on Sydney Morning Herald

‘Illicit economy 10% of GDP’
PARLIAMENT — The illicit economy is costing South Africa billions and biting hard into the country’s GDP, State Security Minister Siyabonga Cwele said yesterday.
Read more on The Natal Witness Group

Growth in Northern economy will be ‘sluggish’, says report
GROWTH IN the Northern economy will be sluggish and the new Executive will face a series of challenges in dealing with the region’s ingrained economic problems, an economic survey has found.
Read more on The Irish Times

Global economy to grow 4.2%, says OECD
The global economy is projected to grow by 4.2% this year, but rising oil and commodity prices and European debt crisis could hurt the overall recovery, according to Paris-based think-tank OECD.
Read more on Express India

Libya Rebel Economy Chief Says Financial Aid Taking Too Long
The economy minister of the Libyan rebels’ leadership council urged the international community to speed up efforts to provide access to promised funding and frozen assets linked to the regime of Muammar Qaddafi.
Read more on BusinessWeek

Japanese economy shrinks again
Japan’s economy contracted sharply in the first quarter and headed toward recession.
Read more on 3news

New England economy suffered first-quarter ‘hiccup’
The New England economy “experienced a hiccup” in recovery and a dip in growth in the first quarter, according…
Read more on Boston Herald

Sputtering economy can’t keep ski industry down
ASPEN – Last winter proved that not even a lackluster economy can slow down the U.S. ski industry when resorts receive lots of snow. The ski industry broke 60 million skier and snowboarder visits for just the second time and Copyright 2011 Summit Daily News. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Summit Daily …
Read more on Summit Daily News

Visual Proof That The Economy Has Gotten Crazier And Crazier
You probably know intuitively that the economy has become way more volatile, but there’s something really cool about this chart from BofA quantitative strategy Savita Subramanian.
Read more on Business Insider

Economy beating predictions, says Noonan
EXCHEQUER figures to be published today will show that for the first four months of the year “things are better than on track” and “so far so good”, according to Minister for Finance Michael Noonan.
Read more on The Irish Times

Economy needs more time to heal: Bernanke
The US economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve chairman Ben Bernanke said yesterday in a speech spelling out ways the US central bank has studied lower income communities.
Read more on Gulf Times