The world economy is poised for more of the same in 2011: booming growth in China, India and Brazil, and a sluggish crawl in much of the rest of the developed world. Here are the five most important factors driving sluggish eco…
It’s clear the U.S. economy is suffering from a lack of demand. So, this poor report will likely bolster Fed officials who want to keep interest rates low and employ more quantitative easing.
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Despite a decent 2% rise in third-quarter GDP growth and plunging initial jobless claims, consumer sentiment dipped to an 11-month low of 67.7 in its final October reading, down from the preliminary 67.9 October tally, and 68.2 level in September.
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Halloween spending is expected to grow 3.9% in 2010 to $6.2 billion, a rebound from a disappointing 2009. Given the scary economy, laughing at the ghouls and goblins of Halloween is a good way to blow off steam.
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Consumer outlays increased at the best pace in about four years — providing some hope that the expansion can continue. The rise from the second-quarter rate of 1.7% was in line with economists’ expectations. Soaring imports w…