The Organization for Economic Cooperation and Development (OECD) released a new report Tuesday that warned markets in the emerging countries could very well hurt global economic growth in the near-term. In addition, the Paris-based entity forecasted that the bad winter weather … [Read more...]
Commerce Department Reports Stronger Economic Growth in Third Quarter
Consumer spending and home building gains boosted U.S. economic growth, which was also propelled by a consumer confidence level which reached a five-year high in October. The Commerce Department reported gross domestic product increased 2 percent in the third quarter, after a rise of … [Read more...]
Survey Forecasts Economic Growth to Reach 3 Percent in Next Year
Economists believe U.S. economic growth to reach 3 percent by the end of 2013, according to National Association of Business Economics survey results released today. The panel of 44 professional economic forecasters from companies such as Dupont, Ford and JPMorgan Chase—surveyed Sept. … [Read more...]
Economic Growth Outlook Reduced
Due to a reduction in spending by both businesses and consumers, most analysts have reduced the forecast growth outlook for 2013. … [Read more...]
Consumer Sentiment Hits 5-Year High, Indicates Economic Growth Sustainable
Consumer sentiment rose nearly five points between September and October, far beyond what analysts forecast. According to the University of Michigan-Thomson Reuters sentiment gauge, the preliminary October reading rose to 83.1 from its final September reading of 78.3. In addition to … [Read more...]
