Written by The recovery in the housing market is at risk of collapsing. READ MORE »
Posts in category US Deficit
Economic growth revised slightly lower in Q4
The economy grew at a slightly less brisk pace in the fourth quarter than previously estimated, while corporate profits slowed sharply from the prior quarter, government data showed on Friday. READ MORE »
China economy to grow 12 percent in Q1
China’s annual economic growth will reach 12 percent this quarter, a government researcher said in remarks published on Monday, as economists ratchet up growth forecasts following strong industrial output growth last month. READ MORE »
Manufacturing execs more upbeat on recovery
U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday. READ MORE »
Moody’s downgrades Greek banks, long slump feared
Moody’s credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country’s public debt crisis — including painful austerity measures and a long recession. READ MORE »