Grim determination on the economy
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The mood of Davos in the economics sphere was one of grim determination. Grim because the people who should know are most sure the credit market crisis stalking the world is far from over. Determination because financial company leaders, central bankers and finance ministers are focused on doing what is needed to sort out the mess.
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Data to be released this week was expected to bring more evidence that the consumer side of the economy is faltering amid rising price pressures and a tight job market.
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BusinessWeek Online - The economy is showing some signs of resilience. After a string of weak economic data which led economists to ratchet down growth estimates, the latest figures are beginning to look up and some more positive news is expected in the next batch of figures.
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Â· Economist warns of sharp downturn Â· Tory leader attacks Brown over crisis
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The U.S. economyÂs third-quarter slump was not as bad as first estimated, but indicators suggest a steeper decline is coming soon.
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The best of times, or the worst of times. The US economy is the strongest in years, or is mired in the deepest employment crisis in decades.
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Economic instability looms as major currencies seem to be racing each other to the bottom of the pile. This is the flavour of the markets at the moment.
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Let the economists and politicians debate whether the American economy is in a recession. Madison Avenue is already battening down the hatches.
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Many nations in Europe are now feeling an autumn chill of slackening economies and warnings of further market upheaval.
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The slowdown may signal that the economy is shifting down a notch from its unexpectedly robust pace of growth at the end of last year.
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It sounds worse than it is. RBC Financial Group has downgraded Manitoba&#39;s GDP prospects for 2004 to 3.1% from 4.1%, blaming weaker than expected employment growth and a bad summer for farmers.
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Americans have turned markedly gloomier about the economy in recent months, a shift that is reshaping a presidential campaign long dominated by the war in Iraq and national security concerns.
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The Chinese economy risks a hard landing, according to an International Monetary Fund report on China&#39;s economy published today.
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British data expected to provide further evidence of a widespread slowdown in the economy is likely to emerge in the coming week.
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The current proposal would boost the wrong part of the economy.
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The White House and Congress have turned to familiar tools that experts say have worked in the past to jolt the economy.  But there is also a lively debate about which measures will best accomplish the goal.
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Some experts contend that high borrowing rates and low supply signal ongoing decline.