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 tagged US Economy
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 »
FOREX-Euro nears 4-year low as China reviews holdings
* China reviewing euro zone debt holdings — FT
* Euro sentiment negative; contagion risk remains in focus
* U.S. durable goods orders, new home sales rise in April (Updates prices, adds comment) READ MORE »
Euro Rises for Second Day on Speculation Short Traders Exiting
The euro rose against the dollar for a second day on speculation investors betting on a drop in the currency were forced to exit their trades as European sovereign- debt concern eased. READ MORE »
Euro Falls, Heads For Monthly Loss, on European Debt Concern
The euro declined, headed for a sixth monthly loss against the dollar, amid concerns European measures to reduce fiscal deficits and contain the region’s sovereign debt crisis will undermine the global recovery. READ MORE »