Written by The debate about the current recovery centres on whether a secular change is taking place in the United States economy. If it is not, then we should all be optimistic because peak-to-trough declines in real GDP of 4 per cent are usually followed by gains of 6-8 per cent. But the consensus view is that growth will be sluggish (2-3 per cent) and few jobs will be created. READ MORE »
Posts in category Financial Markets
US industrial output stutters amid winter storms
US industrial production inched up 0.1 percent in February, grinding to a near-halt amid severe snow storms that crippled large parts of the East Coast, Federal Reserve data showed Monday. READ MORE »
Stocks fall on renewed concerns about Greek debt
NEW YORK — Investors are looking past a jump in home sales and focusing on concerns about Greece’s debt problems. READ MORE »
Germany ready to help Greece soon if it saves more
Merkel says will help if Greece agrees tougher savings.
Says agreement for aid could come in matter of days.
Says Germany feels obligation towards euro’s stability. READ MORE »
U.S. Criticizes China’s Procurement Rules
BEIJING—U.S. Commerce Secretary Gary Locke stepped up criticism of China’s moves to limit access by foreign companies to its massive government procurement market, even though it isn’t clear whether the U.S. has any legal means to force China to back down. READ MORE »