Economy, Economic Growth | featured news

Brazil's central bank lowers its forecast for economic growth to less than half of last year's, partly blaming the slowing global economy.

The inflation is still high, and the 10% annual growth rate of the last decade is going to wither to under 5% by 2014 or so, according to the Economist. The innovation necessary to boom a consumer economy is questionable. The state banks have probably been loaded with questionable loans.

The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.

New claims for jobless benefits dipped last week and consumer spending increased in November for a fifth straight month, reinforcing views of a solid economic growth pace in the fourth quarter.

U.S. airlines collected $2.56 billion in baggage fees during the first nine months of the year. With industry experts expecting slower economic growth and rising oil prices in 2011, those ancillary fees aren't going anywhere.

The U.S. economy grew more than previously calculated in the third quarter, led by stronger consumer spending and fueled by labor income gains that may stoke demand into 2011.

President Obama urged other world leaders Wednesday to reduce their reliance on exports to the United States to drive their economic growth, stressing a need to resolve global imbalances such as China's huge trade surplus.

China had tried to temper expansion and the price rises that accompany excessively rapid growth.

The US economy grew at an annualised rate of 1.7% between April and June, figures show, up from a previous estimate of 1.6%.

Two-thirds of the companies given taxpayer money from the job creation fund that Gov. Rick Perry has touted as a key reason for Texas' economic growth failed to meet their promises last year, a study released today finds.