TheRepublic.com - Economic growth News

Forecast sees New England economy growing modestly

Tue, 21 May 2013 15:45:45 -0400

BOSTON - Modest economic growth is expected in New England over the next three years with the region as a whole returning to pre-recession employment levels by 2015.

Does France have right plan to revive its economy?

Tue, 21 May 2013 10:39:33 -0400

PARIS - The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite.

Excerpts from recent Minnesota editorials

Mon, 20 May 2013 17:09:33 -0400

Duluth News Tribune, May 20

Mexico cuts growth outlook from 3.5 to 3.1 percent

Fri, 17 May 2013 15:48:15 -0400

MEXICO CITY - The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.

Greece faces slow, jobless recovery next year

Fri, 17 May 2013 13:34:09 -0400

ATHENS, Greece - Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said.

Gauge of US economy's future health up in April

Fri, 17 May 2013 11:41:03 -0400

WASHINGTON - A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market.

Merkel, Hollande at odds over Europe's way forward

Thu, 16 May 2013 13:55:52 -0400

BERLIN - Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of the continent's No. 1 and 2 economies suggested they still have diverging priorities.

Ratings firm warns of economic slowdown in Russia

Thu, 16 May 2013 11:16:22 -0400

MOSCOW - Russia faces harsh times ahead for its economy unless the government improves the country's poor investment climate and implements long-delayed privatizations and reforms, U.S ratings agency Standard & Poor's has warned.

Slower Chinese growth adds to pressure on leaders

Thu, 16 May 2013 02:10:28 -0400

BEIJING - Global economic malaise has knocked the stuffing out of Luo Yan's business making toy animals.

US wholesale prices fall 0.7 pct., most in 3 years

Wed, 15 May 2013 16:32:43 -0400

WASHINGTON - Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed tame.

Eurozone recession is now longest in currency bloc

Wed, 15 May 2013 15:23:14 -0400

PARIS - The eurozone is now in its longest ever recession - a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-2009.

US factory output falls 0.4 percent in April

Wed, 15 May 2013 14:21:02 -0400

WASHINGTON - U.S. manufacturers cut back on production in April, as auto companies cranked out fewer cars, factories made fewer consumer goods and most other industries reduced output. The weakness suggests economic growth may be slowing.

Eurozone's struggling economies mired in recession

Wed, 15 May 2013 14:06:39 -0400

The eurozone is stuck in recession - its longest since the euro was founded in 1999. The latest figures from the European Union's statistics office show that the economy of the 17 EU countries that use the euro shrank for a sixth straight quarter, slumping by 0.2 percent in the January-March period from the previous three months.

French economy falls back into recession

Wed, 15 May 2013 06:07:05 -0400

PARIS - France's economy is in recession again - and that could spell more trouble for Europe.

US boom transforming global oil trade

Tue, 14 May 2013 17:37:19 -0400

NEW YORK - The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market.

Australia gov't forecasts $19.4 billion deficit

Tue, 14 May 2013 07:16:41 -0400

CANBERRA, Australia - The Australian government's promise to deliver a budget surplus in the current fiscal year has blown out to a 19.4 billion Australian dollar ($19.4 billion) deficit as a fading mining boom coupled with a buoyant Aussie dollar slows the economy.

US retail sales rise in April on cars, clothing

Mon, 13 May 2013 14:03:10 -0400

WASHINGTON - Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring.

US business stockpiles flat in March, sales fall

Mon, 13 May 2013 10:34:14 -0400

WASHINGTON - U.S. businesses left their stockpiles unchanged in March for a second straight month while their sales fell sharply.

Spain, Portugal demand quick action on bank union

Mon, 13 May 2013 10:04:56 -0400

MADRID - The leaders of Spain and Portugal on Monday demanded that the 17-nation eurozone speed up efforts to create a banking union and complained that credit is frozen in their countries, preventing economic growth and crucial job creation.

G7 says Japan playing by currency rules

Sat, 11 May 2013 17:41:49 -0400

AYLESBURY, England - Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a two-decade period of stagnation, not an attempt to drive down its currency to make Japan's exports more competitive.

Hawaii economists: Growth forecast less optimistic

Fri, 10 May 2013 17:22:05 -0400

HONOLULU - Hawaii's economy will likely grow faster than the national average, but not as quickly as previously predicted for 2013 and 2014, state economists said Friday.

Oregon economist: Indicators still point to growth

Fri, 10 May 2013 13:08:07 -0400

PORTLAND, Oregon - An index of indicators has taken a dip but still points to growth in Oregon's economy.

Fund manager: Don't get caught up in Asia numbers

Fri, 10 May 2013 10:32:28 -0400

BOSTON - Investors are worried about the slow pace of U.S. economic growth, but we're just one player in the international arena. To assess the global outlook, two numbers are critical: China's gross domestic product and Japan's inflation rate.

India's industrial production picks up in March

Fri, 10 May 2013 07:28:03 -0400

MUMBAI, India - India says its industrial production for March grew at a faster pace after a slowdown the previous month.

US wholesale stockpiles up 0.4 percent in March

Thu, 09 May 2013 12:30:14 -0400

WASHINGTON - Wholesale businesses stepped up their restocking of supplies in March, but their sales fell sharply.