Topic: Economic Recovery
WASHINGTON (Reuters) - The White House said on Thursday it was encouraged by data showing the U.S. economy grew in the third quarter of 2011 but said faster expansion was needed to recover jobs and fortify the global economy."We are, nonetheless, at ...
South Africa will launch a $3.2 billion package to boost the economy, Finance Minister Pravin Gordhan said on Tuesday, as he revised the 2011 growth forecast for the country down to 3.1 percent.Gordhan told parliament the scheme would be a "competitiveness support ...
HAKODATE, Japan (Reuters) - Bank of Japan board member Ryuzo Miyao said on Wednesday the country's economy may get less support than initially expected from overseas demand as the recovery in the U.S. and European economies loses steam."Japan's economy will continue a ...
GENEVA (Reuters) - Austerity measures being adopted by many industrialized world governments in the wake of the 2008-09 financial crisis are undermining economic recovery, a United Nations report said on Wednesday.Cuts in spending on health, education and other social programs in both ...
The International Monetary Fund said Friday it had okayed a sixth tranche of $225 million in financing for Iceland, citing Reykjavik's "impressive progress" in post-crisis restructuring.The IMF said Iceland's economy would likely return to growth this year, but still faced risks from ...
VIENNA (Reuters) - The danger of an uneven economic recovery in Europe has fallen despite the patchy nature of the upturn that remains worrying, European Central Bank Governing Council member Ewald Nowotny said on Monday."One cannot exclude the possibility of a slowdown ...
ATHENS (Reuters) - Fitch Ratings downgraded Greece's long-term foreign and local currency issuer default ratings on Friday to 'B+' from 'BB+ and put the ratings on rating watch negative, it said.The rating downgrade reflects the scale of the challenge facing Greece in ...
WASHINGTON (Reuters) - U.S. homebuilder sentiment slipped a notch in April as home prices continued to fall in most areas of the country amid widespread foreclosures, a survey released on Monday showed.The National Association of Home Builders/Wells Fargo Housing Market index fell ...
US President Barack Obama said Friday that a deal with his Republican foes on deep government spending cuts was "within reach," as lawmakers groped in private for a compromise by an April 8 deadline."Now, there's still details and differences to work out," ...
MADRID (Reuters) - An April rate increase is possible as the European Central Bank continues its mission to control inflation, ECB Executive Board member Jose Manuel Gonzalez-Paramo said in an interview published on Sunday.Asked about the impact of a rate hike for ...