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Economic growth

Election over, administration unleashes new rules
While the "fiscal cliff" of looming tax increases and spending cuts dominates political conversation in Washington, some Republicans and business ...
Fed links interest rates to 6.5 pct. unemployment
The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it ...
Fed projects high unemployment for next 3 years
The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the ...
Bernanke says fiscal cliff already hurting economy
The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday.
Fewer US CEOs expect hiring dip over next 6 months
A survey of U.S. chief executives shows the number of large companies that plan to add jobs or hire more workers is essentially unchanged versus three ...
OPEC keeps output target on hold amid weak economy
OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed ...
US economy could withstand brief fall off 'cliff'
It's the scenario that's been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal ...
US wholesalers boost stockpiles in October
U.S. wholesale businesses increased their stockpiles in October but their sales fell sharply, a mix sign for economic growth. The Commerce Department ...
Obama tax plan no small deal to small businessmen
President Barack Obama's plan to increase taxes on top earners would have only a small impact on the nation's economy, according to congressional ...
China November trade weak in challenge to economy
China's trade weakened sharply in November, adding to challenges for the world's second-largest economy as a gradual recovery takes shape.
China's money changes the landscape in Australia
Tony Clift's family has plowed the rich black soil of Australia's Liverpool Plains for six generations. The thought of selling never crossed his mind ...
German central bank cuts 2013 growth forecast
Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined ...
Sandy is thought to have slowed US hiring in Nov.
Superstorm Sandy is widely thought to have slowed U.S. job growth last month. The only question is how much — an answer that's expected to emerge ...
ECB cuts growth outlook for eurozone, holds rates
The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic ...
ECB President Mario Draghi's speech
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's ...
UK Treasury chief juggles budget as outlook dims
Britain's Treasury chief George Osborne said Wednesday that the recovery of the U.K. economy is taking longer than he had hoped and warned more ...
US productivity grows at faster 2.9 pct. rate
U.S. workers were more productive this summer than initially thought, while costing their companies less. The Labor Department said Wednesday that ...
US manufacturing shrinks in November to 3-year low
U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax ...
US builders boost spending 1.4 percent in October
U.S. builders increased their spending on construction projects in October by the largest amount in five months, led by a surge in housing.
AP IMPACT: China overtaking US as global trader
Shin Cheol-soo no longer sees his future in the United States. The South Korean businessman supplied components to American automakers for a decade.
Cyprus rushes adoption of austerity measures
Cyprus' finance minister urged lawmakers Friday to approve a first batch of spending cuts and tax hikes agreed with international creditors by Dec.
Sandy slowed US consumer spending and pay in Oct.
Americans cut back on spending last month while their income remained flat. The weakness in part reflected disruptions from Superstorm Sandy that ...
India growth stuck at 3-year low as reforms stall
India's economic growth slid to 5.3 percent in the September quarter, stuck at its lowest levels in three years as New Delhi struggles to enact ...
Japan OKs $10.7B stimulus, aiming to boost growth
Japan unleashed yet another barrage of stimulus at its stagnant economy on Friday as debate over how to revive growth heated up ahead of a general ...