TheRepublic.com - Economic outlook News

Neighbor island recovery catching up with Oahu

Fri, 24 May 2013 15:20:24 -0400

HONOLULU - Oahu continues to lead the state in economic recovery, but the neighbor islands are quickly catching up, economists at the University of Hawaii said Friday.

Summer travel forecast: Better, but no blowout

Fri, 24 May 2013 14:39:30 -0400

NEW YORK - This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.

Taiwan cuts growth forecast on muted export demand

Fri, 24 May 2013 05:49:21 -0400

TAIPEI, Taiwan - Taiwan has lowered its economic growth forecast for 2013 to a muted 2.4 percent as global demand for the island's electronics exports remained subdued.

German business confidence unexpectedly rebounds

Fri, 24 May 2013 05:29:09 -0400

BERLIN - German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday.

Economic recovery in NH steady but slow progress

Wed, 22 May 2013 13:41:35 -0400

CONCORD, New Hampshire - With steady but slow growth, New Hampshire appears to have relinquished its traditional position as a regional leader in economic recovery, according to a report released Wednesday.

New England economy seen improving, but unevenly

Wed, 22 May 2013 13:40:48 -0400

HARTFORD, Connecticut - As New England recovers from the worst recession in decades, Massachusetts and Vermont are posting the strongest gains while Rhode Island and Maine lag, an economists' group said Wednesday.

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.

Economists predict increase in consumer spending

Mon, 20 May 2013 00:05:16 -0400

WASHINGTON - Consumer spending is likely to pick up this year while government spending declines at a faster rate, according to a survey of business economists.

IMF says Cyprus at risk of even deeper recession

Fri, 17 May 2013 10:51:05 -0400

WASHINGTON - The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default.

Economists say Oregon tax revenue forecast up

Thu, 16 May 2013 21:12:34 -0400

SALEM, Oregon - State economists say a slow, steady economic recovery means the Oregon treasury will take in more money than previously expected.

Experts: Ariz. Jobs, home prices slowly rebounding

Thu, 16 May 2013 19:41:43 -0400

PHOENIX - Job growth and home prices are slowly rebounding, but the state has a long way to go and automatic federal budget cuts aren't helping, some of Arizona's top business experts said Thursday.

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.

Australian treasurer rules out austerity measures

Mon, 13 May 2013 20:44:07 -0400

CANBERRA, Australia - Australia's treasurer says his economic blueprint for the fiscal year ahead will support jobs and growth without European-style austerity measures aimed at reining in the national deficit.

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.

America's Cup planning endures rough waters

Sat, 11 May 2013 18:35:23 -0400

SAN FRANCISCO - Olympic gold medal-winning sailor Andrew "Bart" Simpson's death during an America's Cup training run on San Francisco Bay last week was the latest and most glaring setback to befall an event that had already encountered its share of rough waters.

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.

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.

Economist predicts slow growth in NH economy

Tue, 07 May 2013 10:44:31 -0400

CONCORD, New Hampshire - An economist is predicting New Hampshire's economy will grow modestly over the next two years.

Forecast: No big increases seen in Nevada revenues

Wed, 01 May 2013 20:47:10 -0400

CARSON CITY, Nevada - An independent panel of fiscal experts Wednesday predicted Nevada will have $5.8 billion in tax revenues to support state government in the upcoming budget cycle, about $36 million more than originally projected by the Economic Forum in late November.

Midwest, Plains economic survey index dips

Wed, 01 May 2013 14:16:21 -0400

OMAHA, Nebraska - A monthly economic survey index for nine Midwest and Plains states dipped for the second consecutive month in April, but the survey's organizer said the index indicates slow growth for the region in the coming three to six months.

US consumer confidence up on better hiring outlook

Tue, 30 Apr 2013 10:22:05 -0400

WASHINGTON - Americans' confidence in the economy jumped this month, helped by a better outlook for the job market and expectations for higher pay.

Report: Kansas jobs forecast better than in 2012

Tue, 30 Apr 2013 08:20:07 -0400

WICHITA, Kansas - Employment in Kansas is forecast to grow at a "slightly faster rate" than last year and is expected to add nearly 24,000 jobs to the state's economy, according to a report released Tuesday.

US consumers keep spending despite higher taxes

Mon, 29 Apr 2013 12:33:23 -0400

WASHINGTON - This year got off to a sour start for U.S. workers: Their pay, already gasping to keep pace with inflation, was suddenly shrunk by a Social Security tax increase.

US consumers keep spending despite reduced pay

Mon, 29 Apr 2013 09:39:33 -0400

WASHINGTON - This year got off to a sour start for U.S. workers: Their pay, already gasping to keep pace with inflation, was suddenly shrunk by a Social Security tax increase.