“The trends just aren’t that strong,” Mr. Antunes said in an interview. “We’re still looking at soft job creation.” After a loss of 2,800 jobs in February and losses in two of the final three months of 2011, an increase of the magnitude witnessed in March is unsustainable, the board said. The board’s projection for … Continue reading
China could face an economic crisis in the next 20 years if Beijing does not quickly overhaul its development model, World Bank and Chinese government researchers warned on Monday. The world’s second-largest economy was at a “turning point” and the need for deep reforms was urgent, the analysts said in a report forecasting China’s economic … Continue reading
Following the Fed’s somewhat downbeat perspective on growth, confidence in investors’ minds that the US can decouple has been temporarily jilted back to reality. It is of course no surprise and as theWorld Bank points out half of the world’s approximately $15 trillion trade in goods and services involves Europe. So the next time some talking … Continue reading
The chart here offers one of the better recent snapshots of the American economy that you will find. The blue line shows the rate at which the government — federal, state and local — has been growing or shrinking. The red line shows the same for the private sector. Quarterly change at seasonally adjusted annual … Continue reading