GDP growth likely healthy
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Despite cautionary words from Bank of Canada Governor David Dodge last week about the impact of the rising dollar, Canadian gross domestic product likely grew at a healthy 3.5% clip in the third quarter due to strong consumer spending.
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The world economy this year should post its best growth in three decades even though oil prices are up sharply and economic activity in the United States probably will be slower than previously thought.
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In a buoyant annual report, President Bushâs Council of Economic Advisers said the economy was poised to keep growing at a solid 3 percent a year.
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The 2004 Asian Development Prospect report has predicted that this year&#39;s GDP growth rate will be 8-point-8 percent higher than last year while next year&#39;s growth rate will slowdown to eight percent.
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The US economy will grow solidly in 2005 and the outlook is similar under President George W Bush or John Kerry, top US business economists said in a survey released today.
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The US economy will expand at a more moderate pace in 2007, according to a Securities Industry and Financial Markets Association forecast issued yesterday.
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Although economists have mixed opinions whether the economy has emerged, most believe it is in good enough shape for the Fed to boost rates.
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Analysts expect continued growth despite a tough environment.
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For the first time in a while, the monthly passenger figures show good growth.
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U.S. private sector wage growth   should continue to accelerate in the months ahead on the back   of a healthy employment climate, according to a survey released   on Tuesday.
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The economyâs 6.2-percent gross domestic product (GDP) growth in the second quarter may have exceeded expectations, but the stock market nonetheless shrugged off the positive news.
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Stocks rose yesterday as reports on personal income, consumer confidence and durable goods suggested the economy may sustain above-average growth through next year.
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The economy finished 2004 with its best performance in five years despite slowing in the final stretch. The outlook ahead: a moderate jog, rather than a sprint. The broadest barometer of the country's economic standing, the gross domestic product, clocked a 4.4 percent increase for all of last year spurred by brisk consumer and business spending, the Commerce Department reported Friday.
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The coming week will likely reveal that there is life yet in the economy, with several surveys showing encouraging gains.
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The US economy expanded at an annual rate of 3.7 per cent in the third quarter, which is below expectations. However, the Commerce Department says the rate has been bolstered by healthy consumer spending accompanied by the lowest inflation in decades.
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The U.S. economy grew at a healthy 3.7 percent annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said on Friday.
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U.S. economic growth will remain  steady in the next year as inflation moderates, the U.S.  Chamber of Commerce forecast on Thursday, brushing aside  concerns that the downturn in housing could spark a full-blown  recession.