The Organization for Economic Cooperation and Development upped its estimate for second quarter economic growth among its 33 member nations on signs that investment rose.
Gross domestic products in OECD countries increased by an average of 0.9% in th…
The ISM services index grew at a better-than-expected pace in September, signaling continued economic growth — and lowering the risk of a double-dip recession. Stock markets are reacting with a powerful surge.
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Despite the pessimistic taking hold, a growing roster of high-profile money managers are balking at at this theme, arguing that it’s wrong-headed and self-defeating. Plus, good money can still be made in the markets.
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Asian economies will grow by 8.2% in 2010, according to a new report.
“Strong export recovery, robust private demand, and the sustained effects of stimulus policies allowed the region to experience solid growth in the first half of 2010,” The Asian Development Bank said. “This improved performance is broad-based and is projected to carry on for the rest of the year.”
The bank…
Continue reading Asian Economies to Grow by 8.2% in 2010
Asian Economies to Grow by 8.2% in 2010 originally appeared on DailyFinance on Tue, 28 Sep 2010 08:29:00.
Filed Under: Economy, Investing, Currency, Market News
August’s 1.3% drop in durable goods orders looks bad. But the real story is that the more-telling component that excludes volatile transportation orders rose 2%, doubling a Bloomberg survey’s consensus estimate. So far, Wall St…