Economic growth news and stories by mail.com

Economic growth

Pacific Rim leaders vow freer trade to buoy growth
China will ensure steady and robust growth by boosting domestic demand and rebalancing its economy to help counter the obstacles hindering a global ...
Hiring slows in August, putting pressure on Fed
American employers cut back sharply on hiring last month, crushing hopes that the job market was improving and putting more pressure on the Federal ...
Experts warn of 'perfect storm' for global economy
Experts and leaders gathered in Italy may disagree on the cure, but the malady seems clear: the world economy faces a "perfect storm" of risks that ...
Market milestone: Stocks return to late 2007 level
The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent. But on ...
Liberia: New austerity budget cuts expenses
Liberia has a new $672 million austerity budget that cut official travel expenses to channel more funds to infrastructure. The controversial budget ...
Text of the speech by ECB President Mario Draghi
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 ...
Recession 'taking hold' in Eurozone, OECD says
Europe's debt crisis is pushing the 17-country eurozone toward recession and dragging down the global economy, the Organization for Economic ...
FedEx cuts estimate for June-to-August quarter
FedEx Corp. cut its earnings forecast Tuesday, blaming the weak global economy. The world's second-biggest package delivery company said the shortfall ...
Global manufacturing weakness hurts US factories
Manufacturing is weakening around the globe, a trend that is weighing on U.S. growth just as the presidential campaign enters its final stretch. U.S.
Monti, Hollande stress need for economic growth
Italian premier Mario Monti and French leader Francois Hollande on Tuesday said Europe must urgently restore economic growth and create jobs as part ...
India disappoints with 5.5 percent growth
India's economy grew a disappointing 5.5 percent in the last quarter ending June, marking a sharp slowdown from the 8 percent growth in the same ...
Retailers report best sales growth since March
This summer, Americans were walking contradictions: They opened their wallets despite escalating fears about the slow economic recovery and surging ...
Republicans ignoring signs of some economic gains
You wouldn't know it from listening to the Republican National Convention, but the nation's economic picture seems to be slowly getting a little ...
US consumer spending rose 0.4 percent in July
Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost ...
US unemployment applications flat at 374,000
The number of Americans seeking unemployment benefits was unchanged last week at a seasonally adjusted 374,000, suggesting slow improvement in the job ...
Polish economic growth slows to 2.4 percent in Q2
Poland's economy, which has steamed ahead for years in defiance of trouble elsewhere in Europe, made a sudden slowdown in the second quarter of this ...
GOP'S future leaders out in force at convention
It's Mitt Romney's show. But New Jersey Gov. Chris Christie rocked the house. Florida Sen. Marco Rubio was the talk of the town. And Wisconsin Rep.
US economy grew at 1.7 percent rate in 2nd quarter
The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year.
Stocks edge up after US growth revised higher
Slightly better economic growth and stronger housing sales nudged the stock market higher Wednesday. The Dow Jones industrial average managed a ...
Fed survey finds moderate US growth during summer
The U.S. economy grew moderately in July and early August, and hiring was more robust than in the previous six-week period, the Federal Reserve said ...
Republican convention is in full-throated roar
With the Republican National Convention at last in full-throated roar, nominee Mitt Romney and his team reached out Wednesday to connect with critical ...
Official: China's growth stabilizing at slow pace
Government efforts to reverse China's economic slump are taking effect and growth is "stabilizing at a slow pace," the head of the country's planning ...
Spain revises down GDP for 2011, 2010
Spain's economy did worse in 2011 and 2010 than previously estimated, the National Statistics Institute said Monday, adding to the gloom surrounding ...
Fed's discussion hints it may take new action soon
Federal Reserve officials signaled Wednesday that they may be ready to launch a new bond buying program when they next meet in September. The goal ...
Congress warned of recession from budget stalemate
A stalemate between Democrats and Republicans that ends up boosting taxes and slashing federal spending in January would likely thrust the nation into ...