Global economic group cuts US growth forecast
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The Organization for Economic Cooperation and Development cut its forecast for US economic growth and expects the Federal Reserve to lower interest rates next year, according to a draft of its latest estimates.
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US economists have trimmed their forecasts for hiring and economic growth in view of steep energy prices and other factors, a Wall Street Journal survey showed.
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The International Monetary Fund expects to lower its projection for global economic growth in 2005 to about 4 percent, due in part to rising oil prices, the agency's managing director said Monday.
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A key forecasting gauge of future U.S. economic activity fell for a fifth straight month in October, a private research group said on Thursday.
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The International Monetary Fund has trimmed its forecasts for world economic growth but expects the UK and the US will expand strongly this year, leaked
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A leading business group cut its 2005 forecast for British economic growth Thursday, blaming a combination of high oil and commodity prices, slowing global growth and domestic interest rate rises.
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U.S. economic growth is expected to  slow in 2005 due to rising interest rates and high crude oil  prices, according to a forecast of participants at a Federal  Reserve Bank of Chicago conference released on Monday.
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Top forecasters cut their outlooks  for U.S. growth this year and next but said inflation seems to  be leveling off and consumer spending should strengthen in the  months ahead, a survey out on Friday showed.
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US economic growth should slow over the coming year as consumers cut back on spending, but improved business confidence should help hiring, a wide-ranging survey of forecasters found.
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The spillover effect of the U.S. housing crisis and economic downturn will slow the global economy this year, the International Monetary Fund said yesterday. But some observers insist such forecasts could be worse, noting that America's role in the global marketplace is not as dominant as it once...
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A key forecasting gauge of future  U.S. economic activity fell for a fifth straight month in  October, a private research firm said on Thursday.
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Top forecasters cut their outlooks for U.S. growth this year and next but said inflation seems to be leveling off and consumer spending should strengthen in the months ahead, a survey out on Friday showed.
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DETROIT: General Motors Corp posted on Thursday disappointing quarterly earnings and cut its 2004 profit forecast due to mounting losses in Europe and slowing growth in China, sending its shares down 5%.
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The World Bank cut its 2008 economic growth forecast for China to 9.6 percent from 10.8 percent on Monday due to cooling global export demand and said storms battering southern China should have little long-term impact.
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NEW YORK, October 21  - The US leading economic indicators declined for the fourth consecutive month in September this year indicating sluggish economic growth going into 2005.
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A leading forecaster of advertising spending has again lowered his estimate for growth in the U.S. this year.
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The global credit crunch, created by uncertainty about the size of losses in the U.S. mortgage market, will curb euro zone economic growth in coming quarters, the European Commission said.